Gulf Keystone Petroleum (LON:GKP) Shares Pass Above 200 Day Moving Average – Should You Sell?

Gulf Keystone Petroleum Limited (LON:GKP) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 trading hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group decreased their price objective 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 equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of GBX 252.

Gulf Keystone Petroleum Stock Performance

The firm has a market capitalization of £454.21 million, a P/E ratio of -551.32, a price-to-earnings-growth ratio of 0.06 and a beta of 1.22. The company has a current ratio of 0.97, a quick ratio of 2.18 and a debt-to-equity ratio of 0.03. The business’s 50 day simple moving average is GBX 183.45 and its two-hundred day simple moving average is GBX 183.05.

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.