Canaccord Genuity Group Cuts Gulf Keystone Petroleum (LON:GKP) Price Target to GBX 240

Gulf Keystone Petroleum (LON:GKP) had its price objective decreased by Canaccord Genuity Group from GBX 250 to GBX 240 in a research note released on Friday, Marketbeat reports. Canaccord Genuity Group currently has a speculative buy rating on the oil production company’s stock.

Separately, Peel Hunt increased their price objective on shares of Gulf Keystone Petroleum from GBX 247 to GBX 264 and gave the company a “buy” rating in a report on Wednesday, October 15th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Gulf Keystone Petroleum currently has a consensus rating of “Buy” and an average price target of GBX 252.

Gulf Keystone Petroleum Stock Performance

Shares of LON:GKP opened at GBX 179.66 on Friday. The company has a current ratio of 0.97, a quick ratio of 2.18 and a debt-to-equity ratio of 0.03. Gulf Keystone Petroleum has a 1-year low of GBX 143.15 and a 1-year high of GBX 226.35. The stock has a market capitalization of £389.50 million, a P/E ratio of -472.78, a P/E/G ratio of 0.06 and a beta of 1.22. The business has a 50-day moving average price of GBX 175.73 and a two-hundred day moving average price of GBX 179.02.

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. The company was incorporated in 2001 and is based in Hamilton, Bermuda.