Insider Buying: Gulf Keystone Petroleum (LON:GKP) Insider Purchases 2,300 Shares of Stock

Gulf Keystone Petroleum Limited (LON:GKP) insider David Howard Thomas acquired 2,300 shares of Gulf Keystone Petroleum stock in a transaction dated Monday, October 19th. The shares were acquired at an average price of GBX 542 per share, with a total value of £12,466.

David Howard Thomas also recently made the following trade(s):

• On Wednesday, October 21st, David Howard Thomas bought 2,461 shares of Gulf Keystone Petroleum stock. The shares were acquired at an average cost of GBX 203 per share, with a total value of £4,995.83.

Gulf Keystone Petroleum Trading Up 3.5%

LON:GKP opened at GBX 211.11 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.00 and a quick ratio of 2.18. Gulf Keystone Petroleum Limited has a one year low of GBX 160.60 and a one year high of GBX 235. The company has a market cap of £459.04 million, a PE ratio of 13.46, a PEG ratio of 0.06 and a beta of 0.12. The firm has a 50-day moving average of GBX 194.15 and a 200-day moving average of GBX 185.95.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on GKP. Peel Hunt reissued a “buy” rating and set a GBX 277 price objective on shares of Gulf Keystone Petroleum in a report on Monday, July 13th. Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 275 price objective on shares of Gulf Keystone Petroleum in a research note on Wednesday, August 26th. Two investment analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of GBX 276.

Gulf Keystone Petroleum Company Profile

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.