Gulf Keystone Petroleum (LON:GKP) Sets New 1-Year High – Should You Buy?

Posted by Linda Flegge on Mar 18th, 2025

Gulf Keystone Petroleum Limited (LON:GKP – Get Free Report) shares reached a new 52-week high on Tuesday . The stock traded as high as GBX 199.50 ($2.59) and last traded at GBX 197.38 ($2.56), with a volume of 44086 shares trading hands. The stock had previously closed at GBX 196.50 ($2.55).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group raised their price objective on shares of Gulf Keystone Petroleum from GBX 185 ($2.40) to GBX 200 ($2.60) and gave the company a “speculative buy” rating in a research report on Thursday, January 23rd.

View Our Latest Stock Report on GKP

Gulf Keystone Petroleum Stock Performance

The firm’s 50-day moving average price is GBX 175.16 and its 200 day moving average price is GBX 146.91. 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 company has a market cap of £536.61 million, a price-to-earnings ratio of -70.22, a PEG ratio of 0.06 and a beta of 1.22.

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.