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

Gulf Keystone Petroleum Limited (LON:GKP)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 184.20 and traded as high as GBX 188.80. Gulf Keystone Petroleum shares last traded at GBX 186.80, with a volume of 1,183,434 shares traded.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reduced their price target on shares of Gulf Keystone Petroleum from GBX 250 to GBX 240 and set a “speculative buy” rating for the company in a research note on Friday, January 23rd. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of GBX 252.

Gulf Keystone Petroleum Price Performance

The firm has a 50-day simple moving average of GBX 186.55 and a 200-day simple moving average of GBX 184.20. The firm has a market capitalization of £404.99 million, a PE ratio of -491.58, a PEG ratio of 0.06 and a beta of 0.14. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.28 and a quick ratio of 2.18.

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