Gulf Keystone Petroleum (LON:GKP) Shares Up 12.2%

Gulf Keystone Petroleum Limited (LON:GKP - Get Free Report) shares were up 12.2% during trading on Monday . The stock traded as high as GBX 136.10 ($1.71) and last traded at GBX 134.40 ($1.69). Approximately 3,661,589 shares traded hands during trading, an increase of 232% from the average daily volume of 1,103,409 shares. The stock had previously closed at GBX 119.80 ($1.50).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group decreased their price objective on 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.

Gulf Keystone Petroleum Trading Up 6.3 %

The business's 50-day simple moving average is GBX 111.17 and its 200-day simple moving average is GBX 113.95. The company has a market cap of £283.50 million, a price-to-earnings ratio of -3,322.63, a PEG ratio of 0.06 and a beta of 1.20. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.93 and a quick ratio of 2.18.

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.