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

Gulf Keystone Petroleum Limited (LON:GKP) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 183.05 and traded as high as GBX 212. Gulf Keystone Petroleum shares last traded at GBX 207, with a volume of 442,250 shares.

Analyst Ratings Changes

Separately, Canaccord Genuity Group dropped their target price on Gulf Keystone Petroleum from GBX 250 to GBX 240 and set a “speculative buy” rating for the company in a report on Friday, January 23rd. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Gulf Keystone Petroleum currently has a consensus rating of “Buy” and a consensus price target of GBX 252.

Gulf Keystone Petroleum Stock Up 1.2%

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 company has a 50 day moving average price of GBX 183.45 and a 200-day moving average price of GBX 183.05. The stock has a market capitalization of £454.21 million, a PE ratio of -551.32, a PEG ratio of 0.06 and a beta of 1.22.

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. The company was incorporated in 2001 and is based in Hamilton, Bermuda.