Gulf Keystone Petroleum (LON:GKP) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Gulf Keystone Petroleum Limited (LON:GKP) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 144.73 ($1.88) and traded as high as GBX 187.90 ($2.44). Gulf Keystone Petroleum shares last traded at GBX 186.40 ($2.42), with a volume of 768,860 shares.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group lifted their price target on shares of Gulf Keystone Petroleum from GBX 185 ($2.40) to GBX 200 ($2.59) and gave the company a “speculative buy” rating in a research report on Thursday, January 23rd.

Gulf Keystone Petroleum Stock Up 4.3 %

The firm has a 50-day simple moving average of GBX 172.85 and a 200 day simple moving average of GBX 145.55. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.97 and a quick ratio of 2.18. The company has a market capitalization of £522.52 million, a PE ratio of -68.38, a price-to-earnings-growth ratio of 0.06 and a beta of 1.22.

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.