Gulf Keystone Petroleum (LON:GKP) Shares Cross Above 200-Day Moving Average – What’s Next?

Shares of Gulf Keystone Petroleum Limited (LON:GKP) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 186.90 and traded as high as GBX 198.20. Gulf Keystone Petroleum shares last traded at GBX 192.80, with a volume of 522,341 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Peel Hunt restated a “buy” rating and set a GBX 277 price target on shares of Gulf Keystone Petroleum in a research note on Monday, July 13th. Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 275 price objective on shares of Gulf Keystone Petroleum in a research report on Wednesday, August 26th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 276.

Gulf Keystone Petroleum Stock Up 0.6%

The business’s fifty day moving average price is GBX 179.91 and its 200 day moving average price is GBX 186.95. The company has a quick ratio of 2.18, a current ratio of 2.00 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of £421.84 million, a PE ratio of 12.36, a PEG ratio of 0.06 and a beta of 0.12.

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.