Gulf Keystone Petroleum (LON:GKP) Reaches New 52-Week High – Time to Buy?

Gulf Keystone Petroleum Limited (LON:GKP) shares reached a new 52-week high on Friday . The stock traded as high as GBX 172.30 ($2.14) and last traded at GBX 170.60 ($2.12), with a volume of 783894 shares changing hands. The stock had previously closed at GBX 166.50 ($2.07).

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Canaccord Genuity Group lifted their price target on shares of Gulf Keystone Petroleum from GBX 185 ($2.30) to GBX 200 ($2.48) and gave the company a “speculative buy” rating in a research note on Thursday, January 23rd. Canaccord Genuity Group reissued a “speculative buy” rating and set a GBX 190 ($2.36) target price on shares of Gulf Keystone Petroleum in a research report on Tuesday, October 8th.

Gulf Keystone Petroleum Trading Up 2.5 %

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 firm’s 50-day moving average price is GBX 148.75 and its 200 day moving average price is GBX 134.85. The company has a market capitalization of £369.89 million, a P/E ratio of -5,686.67, a P/E/G 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.