Gulf Keystone Petroleum Limited (LON:GKP - Get Free Report) traded up 11.5% during mid-day trading on Monday . The company traded as high as GBX 193.85 ($2.41) and last traded at GBX 190.20 ($2.37). 9,924,429 shares were traded during mid-day trading, an increase of 630% from the average session volume of 1,358,806 shares. The stock had previously closed at GBX 170.60 ($2.12).
Analysts Set New Price Targets
Separately, Canaccord Genuity Group lifted their price target on Gulf Keystone Petroleum from GBX 185 ($2.30) to GBX 200 ($2.49) and gave the stock a "speculative buy" rating in a research report on Thursday, January 23rd.
Check Out Our Latest Stock Report on GKP
Gulf Keystone Petroleum Stock Performance
The company has a current ratio of 0.97, a quick ratio of 2.18 and a debt-to-equity ratio of 0.03. The firm's fifty day moving average price is GBX 151.76 and its two-hundred day moving average price is GBX 136.07. The stock has a market capitalization of £393.96 million, a PE ratio of -6,056.67, a price-to-earnings-growth ratio of 0.06 and a beta of 1.22.
Gulf Keystone Petroleum Company Profile
(
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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.
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