Canaccord Genuity Trims Gulf Keystone Petroleum (GKP) Target Price to GBX 330
Gulf Keystone Petroleum (LON:GKP) had its target price cut by Canaccord Genuity from GBX 340 ($4.44) to GBX 330 ($4.31) in a report published on Tuesday morning, Digital Look reports. They currently have a buy rating on the oil production company’s stock.
Separately, Peel Hunt decreased their target price on shares of Gulf Keystone Petroleum from GBX 388 ($5.07) to GBX 382 ($4.99) and set a buy rating for the company in a research note on Thursday, April 4th.
Shares of Gulf Keystone Petroleum stock opened at GBX 246 ($3.21) on Tuesday. Gulf Keystone Petroleum has a 12-month low of GBX 131.60 ($1.72) and a 12-month high of GBX 303.50 ($3.97). The company has a market cap of $563.91 million and a PE ratio of 7.26. The company has a current ratio of 4.41, a quick ratio of 4.23 and a debt-to-equity ratio of 17.69.
Gulf Keystone Petroleum Limited engages in the exploration, evaluation, and production of oil and gas properties in the Kurdistan Region of Iraq, the Republic of Algeria, and the United Kingdom. The company's principal asset is Shaikan block that covers an area of 283 square kilometers located north-west of Erbil.
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