Gulf Keystone Petroleum (LON:GKP) Stock Price Up 10.3% - Here's Why

Gulf Keystone Petroleum Limited (LON:GKP - Get Free Report)'s stock price was up 10.3% during trading on Monday . The company traded as high as GBX 189.90 ($2.36) and last traded at GBX 188.10 ($2.33). Approximately 6,935,580 shares changed hands during mid-day trading, an increase of 464% from the average daily volume of 1,228,856 shares. The stock had previously closed at GBX 170.60 ($2.12).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group lifted their price target on shares of Gulf Keystone Petroleum from GBX 185 ($2.30) to GBX 200 ($2.48) and gave the stock a "speculative buy" rating in a report on Thursday, January 23rd.

Gulf Keystone Petroleum Price Performance

The stock has a market cap of £389.84 million, a PE ratio of -5,993.33, a P/E/G 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 firm's 50 day moving average price is GBX 153.08 and its two-hundred day moving average price is GBX 136.67.

About Gulf Keystone Petroleum

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.