Gulf Keystone Petroleum (LON:GKP) Stock Price Passes Below 200 Day Moving Average of $114.36

Shares of Gulf Keystone Petroleum Limited (LON:GKP) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 114.36 ($1.41) and traded as low as GBX 111 ($1.37). Gulf Keystone Petroleum shares last traded at GBX 113 ($1.40), with a volume of 2,665,148 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group lowered their price target on shares of Gulf Keystone Petroleum from GBX 180 ($2.22) to GBX 165 ($2.04) and set a “speculative buy” rating on the stock in a research report on Thursday, March 21st.

Gulf Keystone Petroleum Price Performance

The stock’s 50-day simple moving average is GBX 105.80 and its 200 day simple moving average is GBX 114.36. The company has a quick ratio of 2.18, a current ratio of 0.93 and a debt-to-equity ratio of 0.07. The company has a market cap of £252.91 million, a price-to-earnings ratio of -2,825.00, a PEG ratio of 0.06 and a beta of 1.17.

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.