Gulf Keystone Petroleum (LON:GKP) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Gulf Keystone Petroleum Limited (LON:GKP) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 179.20 and traded as high as GBX 183.20. Gulf Keystone Petroleum shares last traded at GBX 182, with a volume of 503,236 shares changing hands.

Analysts Set New Price Targets

Several equities analysts have commented on GKP shares. Canaccord Genuity Group dropped their target price on shares of Gulf Keystone Petroleum from GBX 250 to GBX 240 and set a “speculative buy” rating for the company in a research report on Friday, January 23rd. Peel Hunt boosted their price objective on shares of Gulf Keystone Petroleum from GBX 247 to GBX 264 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of GBX 252.

Gulf Keystone Petroleum Price Performance

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 has a market capitalization of £394.59 million, a P/E ratio of -478.95, a PEG ratio of 0.06 and a beta of 1.22. The company has a fifty day moving average of GBX 175.57 and a 200 day moving average of GBX 179.26.

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.