Gulf Keystone Petroleum Limited (LON:GKP) had its target price raised by equities research analysts at Peel Hunt from GBX 230 ($3.10) to GBX 245 ($3.30) in a research note issued to investors on Tuesday. The brokerage currently has a “buy” rating on the oil production company’s stock. Peel Hunt’s price objective suggests a potential upside of 96.79% from the company’s previous close.

Shares of Gulf Keystone Petroleum Limited (GKP) opened at 121.00 on Tuesday. The firm has a 50-day moving average price of GBX 108.31 and a 200 day moving average price of GBX 110.57. Gulf Keystone Petroleum Limited has a one year low of GBX 89.25 and a one year high of GBX 253.80. The firm’s market capitalization is GBX 277.37 million.

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About Gulf Keystone Petroleum Limited

Gulf Keystone Petroleum Limited (Gulf Keystone) is a holding company, which is engaged in the oil and gas exploration and production. The Company operates in the Kurdistan Region of Iraq. It operates through segments, including Kurdistan Region of Iraq and United Kingdom. The Kurdistan Region of Iraq segment consists of the Shaikan, Ber Bahr blocks and the Erbil office, which provides support to the operations in Kurdistan.

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