Gulf Keystone Petroleum (LON:GKP) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Gulf Keystone Petroleum Limited (LON:GKP)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 139.55 ($1.76) and traded as high as GBX 193.10 ($2.43). Gulf Keystone Petroleum shares last traded at GBX 190.10 ($2.39), with a volume of 604,800 shares traded.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group boosted their price target on shares of Gulf Keystone Petroleum from GBX 185 ($2.33) to GBX 200 ($2.52) and gave the company a “speculative buy” rating in a research report on Thursday, January 23rd.

Gulf Keystone Petroleum Stock Down 1.6 %

The stock has a market capitalization of £508.38 million, a P/E ratio of -66.53, a price-to-earnings-growth ratio of 0.06 and a beta of 1.22. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.97 and a quick ratio of 2.18. The stock has a fifty day moving average price of GBX 159.51 and a 200 day moving average price of GBX 139.55.

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.