Canaccord Genuity Group Raises Gulf Keystone Petroleum (LON:GKP) Price Target to GBX 280

Gulf Keystone Petroleum (LON:GKP) had its price target lifted by investment analysts at Canaccord Genuity Group from GBX 240 to GBX 280 in a research report issued to clients and investors on Friday, Marketbeat reports. The firm currently has a “speculative buy” rating on the oil production company’s stock. Canaccord Genuity Group’s price target indicates a potential upside of 25.56% from the company’s current price.

Gulf Keystone Petroleum Trading Down 3.9%

Shares of LON GKP opened at GBX 223 on Friday. The stock’s 50 day simple moving average is GBX 193.34 and its 200 day simple moving average is GBX 185.88. Gulf Keystone Petroleum has a 12-month low of GBX 143.15 and a 12-month high of GBX 235. The company has a current ratio of 1.64, a quick ratio of 2.18 and a debt-to-equity ratio of 0.28. The company has a market cap of £484.67 million, a price-to-earnings ratio of -586.84, a price-to-earnings-growth ratio of 0.06 and a beta of 0.18.

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.