Gulf Keystone Petroleum (LON:GKP) Stock Price Passes Below 200 Day Moving Average of $114.36

Gulf Keystone Petroleum Limited (LON:GKP) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 114.36 ($1.41) and traded as low as GBX 111 ($1.37). Gulf Keystone Petroleum shares last traded at GBX 113 ($1.40), with a volume of 2,665,148 shares changing hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group cut their target price on shares of Gulf Keystone Petroleum from GBX 180 ($2.22) to GBX 165 ($2.04) and set a “speculative buy” rating for the company in a research report on Thursday, March 21st.

Gulf Keystone Petroleum Trading Up 0.6 %

The firm has a market capitalization of £252.91 million, a P/E ratio of -2,825.00, a price-to-earnings-growth ratio of 0.06 and a beta of 1.17. The stock’s 50-day simple moving average is GBX 105.80 and its two-hundred day simple moving average is GBX 114.36. 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.