Gulf Keystone Petroleum (LON:GKP) Reaches New 12-Month High – Here’s Why

Gulf Keystone Petroleum Limited (LON:GKP)’s share price reached a new 52-week high on Friday . The stock traded as high as GBX 195 ($2.47) and last traded at GBX 194.60 ($2.47), with a volume of 1408215 shares trading hands. The stock had previously closed at GBX 184.80 ($2.34).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group lifted their price target on shares of Gulf Keystone Petroleum from GBX 185 ($2.34) to GBX 200 ($2.53) and gave the company a “speculative buy” rating in a research note on Thursday, January 23rd.

Gulf Keystone Petroleum Stock Up 5.3 %

The company has a market cap of £529.04 million, a P/E ratio of -69.23, a P/E/G ratio of 0.06 and a beta of 1.22. The company has a quick ratio of 2.18, a current ratio of 0.97 and a debt-to-equity ratio of 0.03. The business’s 50 day moving average is GBX 160.44 and its 200 day moving average is GBX 139.86.

Gulf Keystone Petroleum Company Profile

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.