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

Key Points

• Gulf Keystone Petroleum's stock price fell below its 200-day moving average of GBX 168.92, trading as low as GBX 164.80 during recent trading sessions.
• The company has a market capitalization of £454.01 million, with a PE ratio of -59.41 and a debt-to-equity ratio of 0.03.
• Gulf Keystone Petroleum engages in oil and gas exploration in the Kurdistan Region of Iraq, operating the Shaikan field covering approximately 280 square kilometers.

Gulf Keystone Petroleum Limited (LON:GKP - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 168.92 ($2.29) and traded as low as GBX 164.80 ($2.23). Gulf Keystone Petroleum shares last traded at GBX 166.40 ($2.25), with a volume of 326,468 shares traded.

Gulf Keystone Petroleum Stock Performance

The company has a quick ratio of 2.18, a current ratio of 0.97 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of £466.51 million, a P/E ratio of -61.05, a P/E/G ratio of 0.06 and a beta of 1.22. The stock has a fifty day moving average of GBX 165.26 and a 200-day moving average of GBX 168.99.

Gulf Keystone Petroleum Company Profile

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.