Gulf Keystone Petroleum (LON:GKP) Share Price Crosses Above 200 Day Moving Average - Time to Sell?

Gulf Keystone Petroleum Limited (LON:GKP - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 139.55 ($1.77) and traded as high as GBX 193.10 ($2.45). Gulf Keystone Petroleum shares last traded at GBX 190.10 ($2.41), with a volume of 604,800 shares.

Analyst Ratings Changes

Separately, Canaccord Genuity Group upped their price objective on shares of Gulf Keystone Petroleum from GBX 185 ($2.34) to GBX 200 ($2.53) and gave the stock a "speculative buy" rating in a research report on Thursday, January 23rd.

Gulf Keystone Petroleum Price Performance

The stock has a market cap of £529.04 million, a P/E ratio of -69.23, a PEG ratio of 0.06 and a beta of 1.22. 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's fifty day moving average price is GBX 160.44 and its 200 day moving average price is GBX 139.86.

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.