Canaccord Genuity Group Boosts Gulf Keystone Petroleum (LON:GKP) Price Target to GBX 250

Key Points

• Canaccord Genuity Group has raised its price target for Gulf Keystone Petroleum from GBX 210 to GBX 250, indicating a potential upside of 13.01% from the current stock price.
• The stock currently holds a "speculative buy" rating from Canaccord Genuity, while Shore Capital has reaffirmed a "no recommendation" rating.
• Gulf Keystone Petroleum engages in oil and gas exploration and production in the Kurdistan Region of Iraq, operating within the Shaikan field, which spans approximately 280 square kilometers.

Gulf Keystone Petroleum (LON:GKP - Get Free Report) had its target price boosted by stock analysts at Canaccord Genuity Group from GBX 210 to GBX 250 in a research report issued on Tuesday,Digital Look reports. The brokerage currently has a "speculative buy" rating on the oil production company's stock. Canaccord Genuity Group's price objective would suggest a potential upside of 13.01% from the stock's current price.

Separately, Shore Capital reaffirmed a "no recommendation" rating on shares of Gulf Keystone Petroleum in a research note on Thursday, August 28th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of GBX 220.

Gulf Keystone Petroleum Trading Up 0.1%

Shares of LON GKP opened at GBX 221.21 on Tuesday. Gulf Keystone Petroleum has a twelve month low of GBX 113.90 and a twelve month high of GBX 226.04. The company has a current ratio of 0.97, a quick ratio of 2.18 and a debt-to-equity ratio of 0.03. The stock has a fifty day simple moving average of GBX 178.69 and a 200-day simple moving average of GBX 169.65. The stock has a market capitalization of £479.59 million, a PE ratio of -58,213.16, a PEG ratio of 0.06 and a beta of 1.22.

About Gulf Keystone Petroleum

Gulf Keystone Petroleum Limited engages in oil and gas exploration, development, and production in the Kurdistan Region of Iraq. The company operates Shaikan field that covers an area of approximately 280 square kilometers, which is located north-west of Erbil. It also provides management, support, geological, geophysical, and engineering services.

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