9 Cheap Oil Stocks Under $10 to Buy Now

5. GeoPark Limited (NYSE:GPRK)

Forward P/E: 2.13

Stock Price: $8.41

Number of Hedge Fund Holders: 13

GeoPark Limited (NYSE:GPRK) is one of the cheap oil stocks under $10 to buy now. GeoPark holds a consensus Moderate Buy rating, with one Buy and one Hold from Wall Street analysts over the past three months. The average 12‑month price target is $9.50, ranging from $8.50 to $10.50, implying about a 13% upside from the latest price of $8.41.

On December 1, GeoPark Limited (NYSE:GPRK) disclosed its board-approved 2026 Work Program and guidelines for 2027-2028. The program outlines a multi-year roadmap to safeguard cash from Colombian operations while ramping up unconventional development in Argentina’s Vaca Muerta formation. The overall strategy is two-pronged: on the one hand, the company will sustain high-margin Colombian output for stability and, on the other hand, it will accelerate Vaca Muerta drilling for expansion.

As a result, the company anticipates 2026 production to average between 44,000 and 46,000 barrels of oil equivalent per day (boepd), up from 2025’s midpoint of 35,000 boepd. This growth, the company said, will be driven by 72 gross wells (55 in Colombia, 17 in Argentina) and early Vaca Muerta contributions. And intensified unconventional activity should support 45,000–47,000 boepd by 2027 and 46,000–48,000 boepd by 2028.

Separately, on November 6, Jefferies reaffirmed its Buy rating on GeoPark. The firm also kept the price target unchanged at $10.50.

GeoPark Limited (NYSE:GPRK) is an oil and gas exploration and production company. It develops and operates onshore fields and production facilities across Latin America. The company’s primary assets include the Llanos 34 Block in Colombia and additional operated and non-operated blocks in Chile, Brazil, Ecuador, and Argentina.