Gulf Keystone Petroleum (LON:GKP) Sets New 52-Week High – Here’s Why

Gulf Keystone Petroleum Limited (LON:GKP) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 164.34 ($2.01) and last traded at GBX 163.90 ($2.01), with a volume of 1159801 shares changing hands. The stock had previously closed at GBX 157 ($1.92).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 190 ($2.33) price objective on shares of Gulf Keystone Petroleum in a report on Tuesday, October 8th.

Gulf Keystone Petroleum Trading Up 4.4 %

The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.18 and a current ratio of 0.97. The company has a market cap of £355.37 million, a price-to-earnings ratio of -5,463.33, a P/E/G ratio of 0.06 and a beta of 1.22. The company’s fifty day moving average is GBX 142.45 and its two-hundred day moving average is GBX 133.21.

About Gulf Keystone Petroleum

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.