Gulf Keystone Petroleum Limited (LON:GKP – Get Free Report)’s stock price fell 9.3% during trading on Tuesday. The company traded as low as GBX 193 and last traded at GBX 204. 4,251,953 shares were traded during mid-day trading, an increase of 276% from the average daily volume of 1,130,916 shares. The stock had previously closed at GBX 225.
Analyst Ratings Changes
GKP has been the topic of several research analyst reports. Canaccord Genuity Group restated a “speculative buy” rating and issued a GBX 275 price objective on shares of Gulf Keystone Petroleum in a report on Wednesday, August 26th. Peel Hunt restated a “buy” rating and issued a GBX 277 price objective on shares of Gulf Keystone Petroleum in a report on Monday, July 13th. Two investment analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of GBX 276.
View Our Latest Stock Analysis on Gulf Keystone Petroleum
Gulf Keystone Petroleum Stock Performance
The company has a market capitalization of £443.58 million, a price-to-earnings ratio of 13.00, a price-to-earnings-growth ratio of 0.06 and a beta of 0.12. The company has a current ratio of 2.00, a quick ratio of 2.18 and a debt-to-equity ratio of 0.25. The stock’s fifty day simple moving average is GBX 193.67 and its 200-day simple moving average is GBX 185.94.
Insider Buying and Selling at Gulf Keystone Petroleum
In other Gulf Keystone Petroleum news, insider Gabriel Papineau-Legris purchased 10,000 shares of the company’s stock in a transaction on Tuesday, October 20th. The stock was acquired at an average price of GBX 197 per share, for a total transaction of £19,700. Also, insider Jon Harris acquired 14,000 shares of the business’s stock in a transaction dated Tuesday, October 20th. The shares were bought at an average cost of GBX 213 per share, for a total transaction of £29,820. Insiders own 16.03% of the company’s stock.
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. The company was incorporated in 2001 and is based in Hamilton, Bermuda.
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