Gulf Keystone Petroleum Limited (LON:GKP - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 114.17 ($1.43) and traded as high as GBX 121.57 ($1.53). Gulf Keystone Petroleum shares last traded at GBX 116.30 ($1.46), with a volume of 941,096 shares traded.
Analysts Set New Price Targets
Separately, Canaccord Genuity Group lowered their price target on shares of Gulf Keystone Petroleum from GBX 180 ($2.26) to GBX 165 ($2.07) and set a "speculative buy" rating for the company in a report on Thursday, March 21st.
Check Out Our Latest Stock Report on GKP
Gulf Keystone Petroleum Stock Performance
The company has a current ratio of 0.93, a quick ratio of 2.18 and a debt-to-equity ratio of 0.07. The company has a market capitalization of £256.70 million, a price-to-earnings ratio of -2,885.00, a price-to-earnings-growth ratio of 0.06 and a beta of 1.17. The stock has a 50-day simple moving average of GBX 108.10 and a 200-day simple moving average of GBX 114.17.
Gulf Keystone Petroleum Company Profile
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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.
Further Reading
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