Gulf Keystone Petroleum (LON:GKP) Shares Up 11.7% – What’s Next?

Posted by Linda Flegge on Feb 4th, 2025

Gulf Keystone Petroleum Limited (LON:GKP – Get Free Report)’s share price rose 11.7% during trading on Monday . The stock traded as high as GBX 193.85 ($2.41) and last traded at GBX 190.60 ($2.37). Approximately 2,671,702 shares changed hands during trading, an increase of 156% from the average daily volume of 1,043,470 shares. The stock had previously closed at GBX 170.60 ($2.12).

Analysts Set New Price Targets

Several research analysts have issued reports on GKP shares. Canaccord Genuity Group increased their price target on Gulf Keystone Petroleum from GBX 185 ($2.30) to GBX 200 ($2.49) and gave the stock a “speculative buy” rating in a report on Thursday, January 23rd. Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 190 ($2.36) price target on shares of Gulf Keystone Petroleum in a report on Tuesday, October 8th.

Check Out Our Latest Research Report on Gulf Keystone Petroleum

Gulf Keystone Petroleum Price Performance

The firm has a market capitalization of £413.26 million, a P/E ratio of -6,353.33, a PEG ratio of 0.06 and a beta of 1.22. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.18 and a current ratio of 0.97. The firm has a 50-day moving average of GBX 150.24 and a 200-day moving average of GBX 135.36.

Gulf Keystone Petroleum Company Profile

(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.