Gulf Keystone Petroleum Limited (LON:GKP – Get Free Report) insider Jon Harris bought 14,000 shares of the firm’s stock in a transaction on Tuesday, October 20th. The stock was purchased at an average price of GBX 213 per share, with a total value of £29,820.
Gulf Keystone Petroleum Trading Down 7.8%
Shares of Gulf Keystone Petroleum stock traded down GBX 17.50 during trading on Tuesday, hitting GBX 207.50. The stock had a trading volume of 5,928,815 shares, compared to its average volume of 1,139,177. The stock has a 50 day simple moving average of GBX 193.67 and a 200 day simple moving average of GBX 185.94. The company has a market capitalization of £451.19 million, a PE ratio of 13.22, a P/E/G ratio of 0.06 and a beta of 0.12. The company has a quick ratio of 2.18, a current ratio of 2.00 and a debt-to-equity ratio of 0.25. Gulf Keystone Petroleum Limited has a 1 year low of GBX 160.60 and a 1 year high of GBX 235.
Wall Street Analyst Weigh In
Several research firms have weighed in on GKP. Canaccord Genuity Group reiterated 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. Peel Hunt reissued a “buy” rating and set a GBX 277 price target on shares of Gulf Keystone Petroleum in a research report on Monday, July 13th. Two research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of GBX 276.
Read Our Latest Stock Report on GKP
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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