Canaccord Genuity Group Has Lowered Expectations for Gulf Keystone Petroleum (LON:GKP) Stock Price

Gulf Keystone Petroleum (LON:GKP) had its price target cut by stock analysts at Canaccord Genuity Group from GBX 250 to GBX 240 in a research note issued on Friday, Marketbeat Ratings reports. The brokerage presently has a “speculative buy” rating on the oil production company’s stock. Canaccord Genuity Group’s price target indicates a potential upside of 33.59% from the stock’s previous close.

Separately, Peel Hunt boosted their price target on Gulf Keystone Petroleum from GBX 247 to GBX 264 and gave the company a “buy” rating in a report on Wednesday, October 15th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of GBX 252.

Gulf Keystone Petroleum Trading Up 4.5%

Shares of Gulf Keystone Petroleum stock opened at GBX 179.66 on Friday. The business has a 50 day moving average price of GBX 175.73 and a 200 day moving average price of GBX 179.01. Gulf Keystone Petroleum has a 1 year low of GBX 143.15 and a 1 year high of GBX 226.35. The company has a market capitalization of £389.50 million, a P/E ratio of -472.78, a P/E/G ratio of 0.06 and a beta of 1.22. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.97 and a quick ratio of 2.18.

About Gulf Keystone Petroleum

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. The company was incorporated in 2001 and is based in Hamilton, Bermuda.