Gulf Keystone Petroleum (LON:GKP) Stock Passes Below 200-Day Moving Average - Time to Sell?

Key Points

• Gulf Keystone Petroleum's stock has dipped below its 200-day moving average of GBX 168.46, trading as low as GBX 164, indicating potential concerns for investors.
• The company currently holds a market cap of £450.75 million and exhibits a price-to-earnings ratio of -58.98, reflecting challenges in profitability.
• Gulf Keystone primarily focuses on oil and gas exploration and production in the Kurdistan Region of Iraq, operating the Shaikan field, which spans approximately 280 square kilometers.

Gulf Keystone Petroleum Limited (LON:GKP - ) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 168.46 ($2.28) and traded as low as GBX 164 ($2.22). Gulf Keystone Petroleum shares last traded at GBX 165.40 ($2.23), with a volume of 463,231 shares traded.

Gulf Keystone Petroleum Trading Up 0.2%

The firm has a market cap of £450.75 million, a price-to-earnings ratio of -58.98, a PEG ratio of 0.06 and a beta of 1.22. 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 business has a fifty day moving average of GBX 162.25 and a two-hundred day moving average of GBX 168.46.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.