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

Gulf Keystone Petroleum Limited (LON:GKP)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 184.20 and traded as high as GBX 188.80. Gulf Keystone Petroleum shares last traded at GBX 186.80, with a volume of 1,183,434 shares trading hands.

Analysts Set New Price Targets

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

Gulf Keystone Petroleum Price Performance

The company has a market capitalization of £404.89 million, a PE ratio of -491.46, 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 1.28 and a debt-to-equity ratio of 0.31. The firm’s 50-day moving average is GBX 187.08 and its 200-day moving average is GBX 184.33.

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.