Gulf Keystone Petroleum (LON:GKP) Reaches New 12-Month High – Here’s Why

Gulf Keystone Petroleum Limited (LON:GKP) shares reached a new 52-week high during trading on Friday . The stock traded as high as GBX 195 ($2.47) and last traded at GBX 194.60 ($2.47), with a volume of 1408215 shares traded. The stock had previously closed at GBX 184.80 ($2.34).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group lifted their price target on Gulf Keystone Petroleum from GBX 185 ($2.34) to GBX 200 ($2.53) and gave the stock a “speculative buy” rating in a research report on Thursday, January 23rd.

Gulf Keystone Petroleum Trading Up 5.3 %

The company has a quick ratio of 2.18, a current ratio of 0.97 and a debt-to-equity ratio of 0.03. The firm has a market cap of £529.04 million, a P/E ratio of -69.23, a P/E/G ratio of 0.06 and a beta of 1.22. The company’s 50 day simple moving average is GBX 160.44 and its 200-day simple moving average is GBX 139.86.

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.