Gulf Keystone Petroleum (LON:GKP) Price Target Raised to GBX 200

Gulf Keystone Petroleum (LON:GKP) had its target price lifted by Canaccord Genuity Group from GBX 185 ($2.31) to GBX 200 ($2.50) in a research note released on Thursday, MarketBeat.com reports. They currently have a speculative buy rating on the oil production company’s stock.

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 190 ($2.37) target price on shares of Gulf Keystone Petroleum in a research report on Tuesday, October 8th.

Gulf Keystone Petroleum Price Performance

Gulf Keystone Petroleum stock opened at GBX 155.70 ($1.94) on Thursday. The company has a quick ratio of 2.18, a current ratio of 0.97 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of £337.59 million, a P/E ratio of -5,190.00, a PEG ratio of 0.06 and a beta of 1.22. Gulf Keystone Petroleum has a 52-week low of GBX 88.75 ($1.11) and a 52-week high of GBX 172.10 ($2.15). The firm has a fifty day moving average of GBX 147.56 and a 200-day moving average of GBX 134.40.

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.