Gulf Keystone Petroleum (LON:GKP) Shares Up 10.3% - Should You Buy?

Shares of Gulf Keystone Petroleum Limited (LON:GKP - Get Free Report) were up 10.3% on Monday . The company 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).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group lifted 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 research note on Thursday, March 20th.

Gulf Keystone Petroleum Stock Down 2.0%

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 stock has a market capitalization of £450.20 million, a PE ratio of -58.91, a PEG ratio of 0.06 and a beta of 1.22. The firm's fifty day moving average is GBX 156.08 and its 200-day moving average is GBX 165.01.

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.