Gulf Keystone Petroleum (LON:GKP) Price Target Raised to GBX 280 at Canaccord Genuity Group

Gulf Keystone Petroleum (LON:GKP) had its target price lifted by Canaccord Genuity Group from GBX 240 to GBX 280 in a research note released on Friday morning, MarketBeat.com reports. They currently have a speculative buy rating on the oil production company’s stock.

Gulf Keystone Petroleum Trading Down 3.9%

GKP opened at GBX 223 on Friday. Gulf Keystone Petroleum has a twelve month low of GBX 143.15 and a twelve month high of GBX 235. The company has a fifty day moving average of GBX 193.34 and a 200-day moving average of GBX 185.91. The stock has a market cap of £484.67 million, a PE ratio of -586.84, a price-to-earnings-growth ratio of 0.06 and a beta of 0.18. The company has a quick ratio of 2.18, a current ratio of 1.64 and a debt-to-equity ratio of 0.28.

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