GeoPark (GPRK) Unveils 2026–2028 Plan Targeting Up to 48,000 Boepd

Core Viewpoint - GeoPark Limited (NYSE:GPRK) is identified as a cheap oil stock under $10 with a consensus Moderate Buy rating from analysts, indicating potential upside from its current price [1][4]. Group 1: Production Plans and Growth - GeoPark has unveiled a 2026 Work Program targeting production of 44,000 to 46,000 barrels of oil equivalent per day (boepd) in 2026, an increase from 35,000 boepd in 2025 [2][3]. - The growth in production will be supported by drilling 72 gross wells, with 55 in Colombia and 17 in Argentina, alongside contributions from the Vaca Muerta formation [3]. - The company anticipates production to reach 45,000–47,000 boepd by 2027 and 46,000–48,000 boepd by 2028, driven by intensified unconventional activity [3]. Group 2: Analyst Ratings and Price Targets - Jefferies has reaffirmed its Buy rating on GeoPark, maintaining a price target of $10.50, which reflects confidence in the company's growth potential [4]. - The average 12-month price target for GeoPark is $9.50, suggesting a 13% upside from the current price of $8.41 [1]. Group 3: Company Overview - GeoPark is an oil and gas exploration and production company operating onshore fields across Latin America, with key assets in Colombia, Chile, Brazil, Ecuador, and Argentina [4]. - The company's strategy includes sustaining high-margin Colombian output while expanding unconventional development in Argentina's Vaca Muerta formation [2].