Canaccord Genuity analyst Jenny Xenos maintained a Buy rating on GeoPark (NYSE: GPRK) yesterday and set a price target of $25. The company’s shares opened today at $19.48, close to its 52-week high of $21.88.
Xenos noted:
“We were forecasting cash taxes of ~$58M, significantly reducing the ops. EBITDA of ~$75M. GPRK reported slightly higher cash tax expenses of ~$68M, but also higher ops. EBITDA of ~$83M. We do not expect additional cash tax expenses in 2018.”
Xenos has an average return of 76.7% when recommending GeoPark.
According to TipRanks.com, Xenos is ranked #88 out of 4850 analysts.
Currently, the analyst consensus on GeoPark is a Moderate Buy with an average price target of $26.
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The company has a one-year high of $21.88 and a one-year low of $7.45. Currently, GeoPark has an average volume of 372.1K.
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GeoPark Ltd. operates engages in the exploration, development and production for oil and gas reserves. It operates through the following geographical segments: Chile, Brazil, Colombia, Peru, Argentina, and Corporate. The company was founded by Gerald Eugene O’Shaughnessy and James Franklin Park in 2002 and is headquartered in Las Condes, Chile.
