Gulf Keystone Petroleum (LON:GKP) Stock Price Expected to Rise, Peel Hunt Analyst Says

Key Points

• Peel Hunt raised its price target for Gulf Keystone Petroleum from GBX 247 to GBX 264, indicating a potential upside of 41.03% from the stock’s current price.
• The stock currently has an average rating of "Buy" with a consensus target price of GBX 257, despite fluctuations in recent trading.
• Gulf Keystone Petroleum operates in the Kurdistan Region of Iraq and primarily engages in oil and gas exploration, development, and production, specifically in the Shaikan field.

Gulf Keystone Petroleum (LON:GKP - Get Free Report) had its price objective boosted by Peel Hunt from GBX 247 to GBX 264 in a research note issued to investors on Wednesday,Digital Look reports. The firm presently has a "buy" rating on the oil production company's stock. Peel Hunt's price objective points to a potential upside of 41.03% from the stock's current price.

A number of other equities analysts also recently issued reports on the company. Canaccord Genuity Group raised their price target on Gulf Keystone Petroleum from GBX 210 to GBX 250 and gave the stock a "speculative buy" rating in a research note on Tuesday, September 30th. Shore Capital restated a "no recommendation" rating on shares of Gulf Keystone Petroleum in a research note on Thursday, August 28th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of GBX 257.

Gulf Keystone Petroleum Trading Down 0.2%

LON:GKP traded down GBX 0.40 during trading hours on Wednesday, hitting GBX 187.20. The company had a trading volume of 540,585 shares, compared to its average volume of 910,386. 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 stock has a 50-day moving average price of GBX 187.70 and a 200 day moving average price of GBX 170.10. The company has a market capitalization of £405.86 million, a PE ratio of -49,263.16, a price-to-earnings-growth ratio of 0.06 and a beta of 1.22. Gulf Keystone Petroleum has a 52 week low of GBX 124.20 and a 52 week high of GBX 226.35.

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.

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