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Gulf Keystone Petroleum (LON:GKP) Share Price Crosses Below Two Hundred Day Moving Average - Time to Sell?

Gulf Keystone Petroleum logo with Energy background

Gulf Keystone Petroleum Limited (LON:GKP - Get Free Report)'s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 164.38 ($2.24) and traded as low as GBX 152.20 ($2.07). Gulf Keystone Petroleum shares last traded at GBX 154.20 ($2.10), with a volume of 780,248 shares traded.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group raised their price target on shares of Gulf Keystone Petroleum from GBX 200 ($2.72) to GBX 225 ($3.06) and gave the stock a "speculative buy" rating in a report on Thursday, March 20th.

View Our Latest Analysis on Gulf Keystone Petroleum

Gulf Keystone Petroleum Stock Performance

The firm has a market cap of £423.42 million, a P/E ratio of -55.41, a price-to-earnings-growth ratio of 0.06 and a beta of 1.22. 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 business's fifty day simple moving average is GBX 155.87 and its 200-day simple moving average is GBX 164.38.

About Gulf Keystone Petroleum

(Get Free Report)

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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