Added to YB: 2024-06-10
Pitch date: 2024-06-06
GPRK [bullish]
GeoPark Limited
-22.78%
current return
Author Info
No bio for this author
Company Info
GeoPark Limited operates as an oil and natural gas exploration and production company in Chile, Colombia, Brazil, Argentina, Ecuador, and other Latin American countries.
Market Cap
$408.1M
Pitch Price
$9.32
Price Target
N/A
Dividend
1.52%
EV/EBITDA
2.70
P/E
12.09
EV/Sales
1.54
Sector
Oil, Gas and Consumable Fuels
Category
growth
GeoPark: Strong Earnings and Strategic Argentine Acquisition
GPRK: Q1 earnings show resilience despite temporary issues. Production at 38k boe/d, revenues down 8% but costs -27%, net income +15%. Struck Vitol deal for funding at 9% and better pricing. Acquiring 45% of Mata More Norte block in Vaca Muerta shale, adding 5.5-6.5k boe/d production (3x growth expected by 2029), 49.5 mmboe reserves, $90-100M 2024E EBITDA. Acq valued at $268M, 3x EBITDA vs peer Vista at 5x. Stock at 3.7x FCF, 4.4x PE. Low breakevens, strong mgmt, reduced shares, new growth.
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