Gulf Keystone Petroleum (LON:GKP) Shares Up 10.3% - Time to Buy?

Gulf Keystone Petroleum Limited (LON:GKP - Get Free Report) shares were up 10.3% during trading on Monday . The stock traded as high as GBX 170.75 ($2.34) and last traded at GBX 169 ($2.32). Approximately 2,323,854 shares changed hands during trading, an increase of 164% from the average daily volume of 880,293 shares. The stock had previously closed at GBX 153.20 ($2.10).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group boosted their price objective on Gulf Keystone Petroleum from GBX 200 ($2.75) to GBX 225 ($3.09) and gave the company a "speculative buy" rating in a report on Thursday, March 20th.

Gulf Keystone Petroleum Trading Down 1.1%

The company has a debt-to-equity ratio of 0.03, a current ratio of 0.97 and a quick ratio of 2.18. The firm has a market cap of £454.55 million, a PE ratio of -59.48, a price-to-earnings-growth ratio of 0.06 and a beta of 1.22. The company's 50 day moving average price is GBX 156.08 and its 200 day moving average price is GBX 165.01.

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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