Gulf Keystone Petroleum (LON:GKP) Reaches New 1-Year High – What’s Next?

Gulf Keystone Petroleum Limited (LON:GKP) shares hit a new 52-week high during trading on Monday . The company traded as high as GBX 226 ($3.03) and last traded at GBX 221 ($2.96), with a volume of 2115982 shares traded. The stock had previously closed at GBX 219 ($2.94).

Analyst Ratings Changes

GKP has been the topic of a number of analyst reports. Shore Capital reiterated a “no recommendation” rating on shares of Gulf Keystone Petroleum in a research note on Thursday, August 28th. Canaccord Genuity Group upped their price target on Gulf Keystone Petroleum from GBX 205 to GBX 210 and gave the company a “speculative buy” rating in a report on Thursday, August 28th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of GBX 200.

Gulf Keystone Petroleum Stock Performance

The company has a debt-to-equity ratio of 0.03, a current ratio of 0.97 and a quick ratio of 2.18. The stock has a market cap of £479.14 million, a P/E ratio of -58,157.89, a PEG ratio of 0.06 and a beta of 1.22. The firm’s 50-day moving average price is GBX 177.62 and its 200-day moving average price is GBX 169.46.

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.