Gulf Keystone Petroleum (LON:GKP) Stock Crosses Above 200 Day Moving Average of $115.71

Gulf Keystone Petroleum Limited (LON:GKPGet Free Report)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 115.71 ($1.48) and traded as high as GBX 138.50 ($1.77). Gulf Keystone Petroleum shares last traded at GBX 135.10 ($1.73), with a volume of 621,133 shares changing hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and set a GBX 175 ($2.24) target price on shares of Gulf Keystone Petroleum in a research note on Monday, May 13th.

Check Out Our Latest Analysis on Gulf Keystone Petroleum

Gulf Keystone Petroleum Stock Performance

The stock has a market cap of £303.39 million, a price-to-earnings ratio of -3,377.50, a PEG ratio of 0.06 and a beta of 1.18. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.18 and a current ratio of 0.93. The company’s 50 day simple moving average is GBX 122.66 and its 200 day simple moving average is GBX 115.71.

About Gulf Keystone Petroleum

(Get Free Report)

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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