Gulf Keystone Petroleum (LON:GKP) Shares Pass Above 200 Day Moving Average of $114.17

Gulf Keystone Petroleum Limited (LON:GKP)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 114.17 ($1.43) and traded as high as GBX 121.57 ($1.53). Gulf Keystone Petroleum shares last traded at GBX 116.30 ($1.46), with a volume of 941,096 shares.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group lowered their price objective on shares of Gulf Keystone Petroleum from GBX 180 ($2.26) to GBX 165 ($2.07) and set a “speculative buy” rating for the company in a research note on Thursday, March 21st.

Gulf Keystone Petroleum Trading Down 0.2 %

The firm has a market capitalization of £258.25 million, a PE ratio of -2,907.50, a price-to-earnings-growth ratio of 0.06 and a beta of 1.17. The company’s 50-day simple moving average is GBX 108.10 and its 200 day simple moving average is GBX 114.17. The company has a quick ratio of 2.18, a current ratio of 0.93 and a debt-to-equity ratio of 0.07.

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.