GeoPark price target lowered to $18.50 from $19 at Canaccord

Canaccord analyst Roman Rossi lowered the firm’s price target on GeoPark to $18.50 from $19 and keeps a Buy rating on the shares. Then analyst said he has incorporated new reserves information and development costs into our new 2023E NAV model, which yields a 4% lower value per share versus our 2022E NAV model.