Shore Capital Reaffirms No Recommendation Rating for Gulf Keystone Petroleum (LON:GKP)

Key Points

• Shore Capital has reaffirmed a "no recommendation" rating for Gulf Keystone Petroleum (LON:GKP), indicating a neutral stance on the stock.
• Gulf Keystone's stock value increased by 3.3%, trading at GBX 186.95, with a one-year trading range between GBX 110.44 and GBX 209.80.
• The company operates in oil and gas exploration and production in the Kurdistan Region of Iraq, specifically managing the Shaikan field covering approximately 280 square kilometers.

Gulf Keystone Petroleum (LON:GKP - Get Free Report)'s stock had its "no recommendation" rating reaffirmed by research analysts at Shore Capital in a report released on Thursday,London Stock Exchange reports.

Gulf Keystone Petroleum Trading Up 3.3%

LON:GKP opened at GBX 186.95 on Thursday. Gulf Keystone Petroleum has a 1-year low of GBX 110.44 and a 1-year high of GBX 209.80. The business's 50-day moving average price is GBX 168.60 and its two-hundred day moving average price is GBX 169.20. The company has a current ratio of 0.97, a quick ratio of 2.18 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of £508.25 million, a price-to-earnings ratio of -66.51, a PEG ratio of 0.06 and a beta of 1.22.

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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