Gulf Keystone Petroleum (LON:GKP) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Gulf Keystone Petroleum Limited (LON:GKP)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 144.73 ($1.86) and traded as high as GBX 187.90 ($2.42). Gulf Keystone Petroleum shares last traded at GBX 186.40 ($2.40), with a volume of 768,860 shares trading hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group boosted their price objective on Gulf Keystone Petroleum from GBX 185 ($2.38) to GBX 200 ($2.57) and gave the company a “speculative buy” rating in a research note on Thursday, January 23rd.

Gulf Keystone Petroleum Stock Performance

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 capitalization of £506.75 million, a P/E ratio of -66.31, a price-to-earnings-growth ratio of 0.06 and a beta of 1.22. The business has a 50 day moving average of GBX 171.23 and a 200-day moving average of GBX 144.73.

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.