Gulf Keystone Petroleum (LON:GKP) Stock Price Up 6.2%

Gulf Keystone Petroleum Limited (LON:GKPGet Free Report)’s stock price rose 6.2% during trading on Tuesday . The company traded as high as GBX 146.50 ($1.87) and last traded at GBX 146.50 ($1.87). Approximately 2,166,486 shares changed hands during trading, an increase of 84% from the average daily volume of 1,176,235 shares. The stock had previously closed at GBX 138 ($1.76).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and issued a GBX 175 ($2.23) target price on shares of Gulf Keystone Petroleum in a research note on Monday, May 13th.

Read Our Latest Stock Analysis on Gulf Keystone Petroleum

Gulf Keystone Petroleum Price Performance

The stock has a market capitalization of £325.23 million, a price-to-earnings ratio of -3,662.50, a P/E/G ratio of 0.06 and a beta of 1.18. The firm’s fifty day simple moving average is GBX 123.82 and its 200 day simple moving average is GBX 115.90. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.18 and a current ratio of 0.93.

About Gulf Keystone Petroleum

(Get Free Report)

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.

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