Gulf Keystone Petroleum (LON:GKP) Share Price Passes Above 200 Day Moving Average - Here's Why

Shares of Gulf Keystone Petroleum Limited (LON:GKP - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 144.73 ($1.87) and traded as high as GBX 187.90 ($2.43). Gulf Keystone Petroleum shares last traded at GBX 186.40 ($2.41), with a volume of 768,860 shares trading hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group lifted their target price on Gulf Keystone Petroleum from GBX 185 ($2.40) to GBX 200 ($2.59) and gave the company a "speculative buy" rating in a research note on Thursday, January 23rd.

Gulf Keystone Petroleum Trading Up 1.3 %

The company has a debt-to-equity ratio of 0.03, a current ratio of 0.97 and a quick ratio of 2.18. The business has a 50 day moving average of GBX 174.51 and a 200 day moving average of GBX 146.18. The firm has a market capitalization of £525.24 million, a price-to-earnings ratio of -68.73, a PEG ratio of 0.06 and a beta of 1.22.

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.