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Gulf Keystone Petroleum (LON:GKP) Share Price Passes Below 200 Day Moving Average - What's Next?

Gulf Keystone Petroleum logo with Energy background

Gulf Keystone Petroleum Limited (LON:GKP - Get Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 163.87 ($2.21) and traded as low as GBX 159.80 ($2.15). Gulf Keystone Petroleum shares last traded at GBX 159.80 ($2.15), with a volume of 531,425 shares trading hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group raised their price objective on shares of Gulf Keystone Petroleum from GBX 200 ($2.69) to GBX 225 ($3.03) and gave the stock a "speculative buy" rating in a report on Thursday, March 20th.

View Our Latest Report on Gulf Keystone Petroleum

Gulf Keystone Petroleum Stock Down 1.0%

The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.18 and a current ratio of 0.97. The stock's fifty day simple moving average is GBX 155.57 and its two-hundred day simple moving average is GBX 163.95. The company has a market capitalization of £434.98 million, a price-to-earnings ratio of -56.92, a P/E/G ratio of 0.06 and a beta of 1.22.

Gulf Keystone Petroleum Company Profile

(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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