.jpg "GeoPark (NASDAQ: GPRK)")
There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on GeoPark (NASDAQ: GPRK) and Abraxas Petroleum Corp (NASDAQ: AXAS) with bullish sentiments.
GeoPark (NASDAQ: GPRK)
In a report released yesterday, Jenny Xenos from Canaccord Genuity maintained a Buy rating on GeoPark (NASDAQ: GPRK), with a price target of $15.50. The company’s shares opened today at $14.21, close to its 52-week high of $15.39.
Xenos said:
“We expect the Street to raise its estimates once again on the back of these strong results.”
Xenos has an average return of 50.0% when recommending GeoPark.
According to TipRanks.com, Xenos is ranked #178 out of 4787 analysts.
GeoPark has an analyst consensus of Moderate Buy, with a price target consensus of $18.75.
See today’s analyst top recommended stocks >>
Abraxas Petroleum Corp (NASDAQ: AXAS)
Canaccord Genuity analyst Sam Roach reiterated a Buy rating on Abraxas Petroleum Corp (NASDAQ: AXAS) today and set a price target of $3.50. The company’s shares opened today at $2.87, close to its 52-week high of $2.99.
Roach has an average return of 29.8% when recommending Abraxas Petroleum Corp.
According to TipRanks.com, Roach is ranked #505 out of 4787 analysts.
Currently, the analyst consensus on Abraxas Petroleum Corp is Moderate Buy and the average price target is $4.15, representing a 44.6% upside.
In a report issued on April 23, Stifel Nicolaus also reiterated a Buy rating on the stock with a $4.80 price target.
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