Gulf Keystone Petroleum (LON:GKP) Shares Cross Below 200 Day Moving Average – Here’s What Happened

Posted by Scott Moore on Jun 5th, 2026

Gulf Keystone Petroleum Limited (LON:GKP – Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 187.59 and traded as low as GBX 175.40. Gulf Keystone Petroleum shares last traded at GBX 188.40, with a volume of 883,451 shares trading hands.

Analyst Upgrades and Downgrades

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

Read Our Latest Stock Report on Gulf Keystone Petroleum

Gulf Keystone Petroleum Price Performance

The business has a fifty day moving average of GBX 191.61 and a 200-day moving average of GBX 187.59. The firm has a market cap of £403.64 million, a PE ratio of 27.79, a PEG ratio of 0.06 and a beta of 0.11. The company has a current ratio of 1.64, a quick ratio of 2.18 and a debt-to-equity ratio of 0.28.

Gulf Keystone Petroleum Company Profile

(Get Free Report)

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.