Gulf Keystone Petroleum (LON:GKP) Sets New 12-Month High - Here's Why

Shares of Gulf Keystone Petroleum Limited (LON:GKP - Get Free Report) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 172.30 ($2.15) and last traded at GBX 170.60 ($2.13), with a volume of 783894 shares. The stock had previously closed at GBX 166.50 ($2.08).

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Canaccord Genuity Group increased their target price on Gulf Keystone Petroleum from GBX 185 ($2.31) to GBX 200 ($2.50) and gave the company a "speculative buy" rating in a report on Thursday, January 23rd. Canaccord Genuity Group reissued a "speculative buy" rating and issued a GBX 190 ($2.37) price objective on shares of Gulf Keystone Petroleum in a research note on Tuesday, October 8th.

Gulf Keystone Petroleum Stock Down 0.9 %

The stock has a market capitalization of £409.36 million, a price-to-earnings ratio of -6,293.33, a price-to-earnings-growth ratio of 0.06 and a beta of 1.22. 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 business's 50-day moving average is GBX 151.06 and its two-hundred day moving average is GBX 135.73.

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.