Gulf Keystone Petroleum (LON:GKP) Trading 10.3% Higher - Here's What Happened

Shares of Gulf Keystone Petroleum Limited (LON:GKP - Get Free Report) traded up 10.3% during mid-day trading on Monday . The company traded as high as GBX 189.90 ($2.36) and last traded at GBX 188.10 ($2.34). 6,935,580 shares changed hands during mid-day trading, an increase of 464% from the average session volume of 1,228,856 shares. The stock had previously closed at GBX 170.60 ($2.12).

Analyst Ratings Changes

Separately, Canaccord Genuity Group boosted their price target on Gulf Keystone Petroleum from GBX 185 ($2.30) to GBX 200 ($2.49) and gave the company a "speculative buy" rating in a research note on Thursday, January 23rd.

Gulf Keystone Petroleum Trading Down 1.1 %

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 firm has a market capitalization of £393.96 million, a price-to-earnings ratio of -6,056.67, a P/E/G ratio of 0.06 and a beta of 1.22. The business has a 50-day moving average of GBX 151.76 and a two-hundred day moving average of GBX 136.07.

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.