Gulf Keystone Petroleum (LON:GKP) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

Gulf Keystone Petroleum Limited (LON:GKP) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 187.73 and traded as low as GBX 160.60. Gulf Keystone Petroleum shares last traded at GBX 162.80, with a volume of 1,393,210 shares trading hands.

Analysts Set New Price Targets

Separately, Peel Hunt reiterated a “buy” rating and set a GBX 277 target price on shares of Gulf Keystone Petroleum in a research report on Monday, July 13th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Gulf Keystone Petroleum has a consensus rating of “Buy” and an average target price of GBX 278.50.

Gulf Keystone Petroleum Stock Performance

The company has a quick ratio of 2.18, a current ratio of 1.64 and a debt-to-equity ratio of 0.28. The stock has a market cap of £354.00 million, a price-to-earnings ratio of 24.37, a PEG ratio of 0.06 and a beta of 0.12. The stock’s fifty day moving average is GBX 178.18 and its 200-day moving average is GBX 187.73.

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.