Gulf Keystone Petroleum (LON:GKP) Price Target Raised to GBX 210

Key Points

• Canaccord Genuity Group has raised its price target for Gulf Keystone Petroleum from GBX 205 to GBX 210, suggesting a potential upside of 12.33% from the current stock price.
• The stock currently holds a consensus rating of Buy according to analysts, with a consensus price target of GBX 200.
• Gulf Keystone Petroleum operates in the Kurdistan Region of Iraq, focusing on oil and gas exploration, development, and production, particularly in the Shaikan field.

Gulf Keystone Petroleum (LON:GKP - Get Free Report) had its price target raised by equities research analysts at Canaccord Genuity Group from GBX 205 to GBX 210 in a research note issued to investors on Thursday, MarketBeat Ratings reports. The brokerage currently has a "speculative buy" rating on the oil production company's stock. Canaccord Genuity Group's target price suggests a potential upside of 9.43% from the stock's current price.

Separately, Shore Capital reaffirmed a "no recommendation" rating on shares of Gulf Keystone Petroleum in a report on Thursday, August 28th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, Gulf Keystone Petroleum currently has a consensus rating of "Buy" and a consensus price target of GBX 200.

Gulf Keystone Petroleum Stock Performance

LON GKP traded down GBX 2.10 on Thursday, reaching GBX 191.90. 770,460 shares of the stock were exchanged, compared to its average volume of 819,958. Gulf Keystone Petroleum has a one year low of GBX 110.44 and a one year high of GBX 209.80. The firm has a market capitalization of £415.86 million, a PE ratio of 6,131.02, a PEG ratio of 0.06 and a beta of 1.22. The company's 50-day simple moving average is GBX 170.57 and its two-hundred day simple moving average is GBX 169.31. The company has a current ratio of 0.97, a quick ratio of 2.18 and a debt-to-equity ratio of 0.03.

Gulf Keystone Petroleum Company Profile

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.