Gulf Keystone Petroleum (LON:GKP) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Gulf Keystone Petroleum Limited (LON:GKP) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 187.73 and traded as low as GBX 160.60. Gulf Keystone Petroleum shares last traded at GBX 162.80, with a volume of 1,393,210 shares.

Analyst Ratings Changes

Separately, Peel Hunt reaffirmed a “buy” rating and issued a GBX 277 target price on shares of Gulf Keystone Petroleum in a research note on Monday, July 13th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Gulf Keystone Petroleum presently has an average rating of “Buy” and an average target price of GBX 278.50.

Gulf Keystone Petroleum Trading Up 2.7%

The firm has a market capitalization of £381.83 million, a price-to-earnings ratio of 26.29, a P/E/G ratio of 0.06 and a beta of 0.12. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.18 and a current ratio of 1.64. The business has a fifty day moving average price of GBX 177.83 and a 200 day moving average price of GBX 187.68.

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.