Gulf Keystone Petroleum Limited (LON:GKP – Get Free Report)’s stock price dropped 9.3% during trading on Tuesday. The stock traded as low as GBX 193 and last traded at GBX 204. 4,251,953 shares changed hands during mid-day trading, an increase of 276% from the average session volume of 1,130,916 shares. The stock had previously closed at GBX 225.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on GKP shares. Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 275 price target on shares of Gulf Keystone Petroleum in a research report on Wednesday, August 26th. Peel Hunt reissued a “buy” rating and set a GBX 277 price target 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, Gulf Keystone Petroleum has a consensus rating of “Buy” and a consensus target price of GBX 276.
View Our Latest Stock Report on Gulf Keystone Petroleum
Gulf Keystone Petroleum Trading Down 9.3%
The company has a fifty day moving average of GBX 193.67 and a 200-day moving average of GBX 185.94. 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 company has a market capitalization of £443.58 million, a price-to-earnings ratio of 13.00, a PEG ratio of 0.06 and a beta of 0.12.
Insider Transactions at Gulf Keystone Petroleum
In other Gulf Keystone Petroleum news, insider Gabriel Papineau-Legris purchased 10,000 shares of the firm’s stock in a transaction dated Tuesday, October 20th. The shares were purchased at an average cost of GBX 197 per share, with a total value of £19,700. Also, insider Jon Harris bought 14,000 shares of the firm’s stock in a transaction on Tuesday, October 20th. The stock was acquired at an average cost of GBX 213 per share, for a total transaction of £29,820. 16.03% of the stock is owned by corporate insiders.
About Gulf Keystone Petroleum
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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