Gulf Keystone Petroleum (LON:GKP) Stock Passes Below 200 Day Moving Average – Here’s Why

Gulf Keystone Petroleum Limited (LON:GKP) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 187.45 and traded as low as GBX 172. Gulf Keystone Petroleum shares last traded at GBX 174.40, with a volume of 621,989 shares.

Analyst Ratings Changes

Separately, Canaccord Genuity Group boosted their target price on shares of Gulf Keystone Petroleum from GBX 240 to GBX 280 and gave the stock a “speculative buy” rating in a research report on Friday, March 20th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of GBX 272.

Gulf Keystone Petroleum Price Performance

The company’s fifty day moving average price is GBX 187.99 and its 200 day moving average price is GBX 187.45. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.18 and a current ratio of 1.64. The firm has a market capitalization of £379.22 million, a price-to-earnings ratio of 26.11, a price-to-earnings-growth ratio of 0.06 and a beta of 0.10.

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.