Gulf Keystone Petroleum (LON:GKP) Given New GBX 200 Price Target at Canaccord Genuity Group

Gulf Keystone Petroleum (LON:GKP) had its price objective raised by Canaccord Genuity Group from GBX 185 ($2.29) to GBX 200 ($2.47) in a research report released on Thursday, Marketbeat Ratings reports. The brokerage currently has a speculative buy rating on the oil production company’s stock.

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 190 ($2.35) price objective on shares of Gulf Keystone Petroleum in a research report on Tuesday, October 8th.

Gulf Keystone Petroleum Price Performance

GKP stock opened at GBX 154.50 ($1.91) on Thursday. The firm has a 50 day moving average of GBX 147 and a 200-day moving average of GBX 134.21. The company has a current ratio of 0.97, a quick ratio of 2.18 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of £334.99 million, a P/E ratio of -5,150.00, a price-to-earnings-growth ratio of 0.06 and a beta of 1.22. Gulf Keystone Petroleum has a 12 month low of GBX 88.75 ($1.10) and a 12 month high of GBX 172.10 ($2.13).

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.