Gulf Keystone Petroleum (LON:GKP) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Gulf Keystone Petroleum Limited (LON:GKP) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 187.53 and traded as low as GBX 176.40. Gulf Keystone Petroleum shares last traded at GBX 178.40, with a volume of 1,008,565 shares traded.

Analyst Ratings Changes

Separately, Canaccord Genuity Group raised their target price on Gulf Keystone Petroleum from GBX 240 to GBX 280 and gave the company a “speculative buy” rating in a research note on Friday, March 20th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of GBX 272.

Gulf Keystone Petroleum Stock Down 1.0%

The firm’s 50-day moving average is GBX 194.64 and its two-hundred day moving average is GBX 187.43. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.18 and a current ratio of 1.64. The stock has a market cap of £375.31 million, a P/E ratio of 25.84, a PEG ratio of 0.06 and a beta of 0.11.

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.