Gulf Keystone Petroleum (LON:GKP) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Gulf Keystone Petroleum Limited (LON:GKP) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 186.53 and traded as high as GBX 199.60. Gulf Keystone Petroleum shares last traded at GBX 197, with a volume of 360,910 shares.

Wall Street Analysts Forecast Growth

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

Gulf Keystone Petroleum Price Performance

The company has a quick ratio of 2.18, a current ratio of 2.00 and a debt-to-equity ratio of 0.25. The company has a market capitalization of £428.36 million, a PE ratio of 12.56, a price-to-earnings-growth ratio of 0.06 and a beta of 0.12. The firm’s 50 day simple moving average is GBX 182.39 and its 200 day simple moving average is GBX 186.53.

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.