Gulf Keystone Petroleum (LON:GKP) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Gulf Keystone Petroleum Limited (LON:GKP) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 169.31 ($2.30) and traded as high as GBX 172.03 ($2.33). Gulf Keystone Petroleum shares last traded at GBX 169 ($2.29), with a volume of 737,064 shares trading hands.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on GKP shares. Canaccord Genuity Group increased their target price on shares of Gulf Keystone Petroleum from GBX 205 to GBX 210 and gave the company a “speculative buy” rating in a research note on Thursday, August 28th. Shore Capital reissued a “no recommendation” rating on shares of Gulf Keystone Petroleum in a research note on Thursday, August 28th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Gulf Keystone Petroleum has an average rating of “Buy” and a consensus target price of GBX 200.

Gulf Keystone Petroleum Trading Down 0.5%

The firm has a market cap of £366.40 million, a PE ratio of -44,473.68, a P/E/G ratio of 0.06 and a beta of 1.22. The company’s 50 day moving average price is GBX 173.95 and its two-hundred day moving average price is GBX 169.31. The company has a quick ratio of 2.18, a current ratio of 0.97 and a debt-to-equity ratio of 0.03.

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.