Gulf Keystone Petroleum (LON:GKP) Receives "No Recommendation" Rating from Shore Capital

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.

Shore Capital reiterated their no recommendation rating on shares of Gulf Keystone Petroleum (LON:GKP - Free Report) in a research note issued to investors on Thursday morning, Marketbeat reports.

Gulf Keystone Petroleum Stock Performance

Shares of LON:GKP traded down GBX 2.10 during trading on Thursday, reaching GBX 191.90. The stock had a trading volume of 770,460 shares, compared to its average volume of 819,958. Gulf Keystone Petroleum has a 52 week low of GBX 110.44 and a 52 week high of GBX 209.80. The firm has a market capitalization of £415.86 million, a price-to-earnings ratio of 6,131.02, a P/E/G ratio of 0.06 and a beta of 1.22. 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 fifty day simple moving average of GBX 170.57 and a two-hundred day simple moving average of GBX 169.31.

About Gulf Keystone Petroleum

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.