Canaccord Genuity Group Forecasts Strong Price Appreciation for Gulf Keystone Petroleum (LON:GKP) Stock

Gulf Keystone Petroleum (LON:GKP) had its target price boosted by Canaccord Genuity Group from GBX 200 ($2.59) to GBX 225 ($2.92) in a research report sent to investors on Thursday, MarketBeat reports. The brokerage currently has a speculative buy rating on the oil production company’s stock.

Gulf Keystone Petroleum Price Performance

Shares of LON GKP opened at GBX 202.81 ($2.63) on Thursday. Gulf Keystone Petroleum has a 52 week low of GBX 102.20 ($1.33) and a 52 week high of GBX 209.80 ($2.72). 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 cap of £551.37 million, a P/E ratio of -72.15, a P/E/G ratio of 0.06 and a beta of 1.22. The business’s 50 day moving average price is GBX 178.56 and its 200 day moving average price is GBX 148.64.

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.