Gulf Keystone Petroleum (LON:GKP) Price Target Raised to GBX 210 at Canaccord Genuity Group

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 target price upped by stock analysts at Canaccord Genuity Group from GBX 205 to GBX 210 in a research note issued on Thursday,London Stock Exchange reports. The firm presently has a "speculative buy" rating on the oil production company's stock. Canaccord Genuity Group's price objective would indicate a potential upside of 12.33% from the stock's current price.

Separately, Shore Capital reissued a "no recommendation" rating on shares of Gulf Keystone Petroleum in a report on Thursday. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of GBX 200.

Gulf Keystone Petroleum Stock Performance

Shares of Gulf Keystone Petroleum stock opened at GBX 186.95 on Thursday. 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 £508.25 million, a price-to-earnings ratio of -66.51, a PEG ratio of 0.06 and a beta of 1.22. The business has a 50-day simple moving average of GBX 168.60 and a 200 day simple moving average of GBX 169.20. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.97 and a quick ratio of 2.18.

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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