Gulf Keystone Petroleum (LON:GKP) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Gulf Keystone Petroleum Limited (LON:GKP) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 142.11 ($1.79) and traded as high as GBX 193.50 ($2.43). Gulf Keystone Petroleum shares last traded at GBX 190.20 ($2.39), with a volume of 1,350,369 shares traded.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group raised their target price on shares of Gulf Keystone Petroleum from GBX 185 ($2.33) to GBX 200 ($2.52) and gave the stock a “speculative buy” rating in a report on Thursday, January 23rd.

Gulf Keystone Petroleum Stock Performance

The stock has a fifty day moving average price of GBX 166.66 and a two-hundred day moving average price of GBX 142.54. The company has a market cap of £517.08 million, a P/E ratio of -67.67, a PEG ratio of 0.06 and a beta of 1.22. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.97 and a quick ratio of 2.18.

About Gulf Keystone Petroleum

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.