Gulf Keystone Petroleum (LON:GKP) Receives “Buy” Rating from Peel Hunt

Gulf Keystone Petroleum (LON:GKP)‘s stock had its “buy” rating restated by analysts at Peel Hunt in a research report issued on Monday,London Stock Exchange reports. They currently have a GBX 277 price target on the oil production company’s stock. Peel Hunt’s price target points to a potential upside of 58.65% from the company’s current price.

Separately, Canaccord Genuity Group lifted their target price on Gulf Keystone Petroleum from GBX 240 to GBX 280 and gave the stock a “speculative buy” rating in a research report on Friday, March 20th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of GBX 278.50.

Gulf Keystone Petroleum Stock Up 2.1%

Shares of LON:GKP traded up GBX 3.60 on Monday, hitting GBX 174.60. 654,915 shares of the company’s stock were exchanged, compared to its average volume of 1,343,928. The firm’s 50-day moving average is GBX 180.15 and its 200 day moving average is GBX 187.78. The company has a market capitalization of £379.66 million, a PE ratio of 26.14, a P/E/G ratio of 0.06 and a beta of 0.12. Gulf Keystone Petroleum has a 1-year low of GBX 157.20 and a 1-year high of GBX 235. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.18 and a current ratio of 1.64.

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.