Gulf Keystone Petroleum Limited (LON:GKP – Get Rating)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 241.17 ($2.96) and traded as low as GBX 230 ($2.82). Gulf Keystone Petroleum shares last traded at GBX 230 ($2.82), with a volume of 1,352,897 shares traded.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank downgraded shares of Gulf Keystone Petroleum to a “hold” rating and set a GBX 300 ($3.68) target price for the company. in a research report on Friday, June 10th.
Gulf Keystone Petroleum Trading Down 2.7 %
The firm has a market capitalization of £497.37 million and a PE ratio of 383.33. The firm’s fifty day moving average is GBX 258.73 and its two-hundred day moving average is GBX 241.17. The company has a debt-to-equity ratio of 19.23, a current ratio of 3.59 and a quick ratio of 3.52.
Gulf Keystone Petroleum Increases Dividend
About Gulf Keystone Petroleum
Gulf Keystone Petroleum Limited engages in the exploration, evaluation, and production of oil and gas properties in the Kurdistan Region of Iraq and the United Kingdom. The company operates Shaikan field that covers an area of 280 square kilometers, which is located north-west of Erbil. It also provides management, support, geological, geophysical, and engineering services.
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