Gulf Keystone Petroleum (LON:GKP) Given “Speculative Buy” Rating at Canaccord Genuity Group

Gulf Keystone Petroleum (LON:GKP)‘s stock had its “speculative buy” rating reiterated by Canaccord Genuity Group in a research report issued on Wednesday,Digital Look reports. They presently have a GBX 275 target price on the oil production company’s stock. Canaccord Genuity Group’s target price would indicate a potential upside of 45.23% from the stock’s current price.

Separately, Peel Hunt reaffirmed a “buy” rating and issued a GBX 277 price target on shares of Gulf Keystone Petroleum in a research note on Monday, July 13th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of GBX 276.

Gulf Keystone Petroleum Price Performance

Shares of GKP opened at GBX 189.35 on Wednesday. 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 stock has a 50 day simple moving average of GBX 175.41 and a 200 day simple moving average of GBX 187.24. Gulf Keystone Petroleum has a 52-week low of GBX 160.60 and a 52-week high of GBX 235. The firm has a market capitalization of £411.73 million, a PE ratio of 28.35, a P/E/G ratio of 0.06 and a beta of 0.12.

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.