Gulf Keystone Petroleum (LON:GKP) Shares Up 10.3% - Here's Why
Shares of Gulf Keystone Petroleum Limited (LON:GKP — Get Free Report) shot up 10.3% during mid-day trading on Monday . The stock traded as high as GBX 170.75 ($2.34) and last traded at GBX 169 ($2.32). 2,323,854 shares traded hands during mid-day trading, an increase of 164% from the average session volume of 880,293 shares. The stock had previously closed at GBX 153.20 ($2.10).
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group upped their price target on shares of Gulf Keystone Petroleum from GBX 200 ($2.75) to GBX 225 ($3.09) and gave the stock a “speculative buy” rating in a report on Thursday, March 20th.
Check Out Our Latest Research Report on GKP
Gulf Keystone Petroleum Trading Up 10.3%
The company has a debt-to-equity ratio of 0.03, a current ratio of 0.97 and a quick ratio of 2.18. The stock has a market capitalization of £459.45 million, a P/E ratio of -60.12, a P/E/G ratio of 0.06 and a beta of 1.22. The firm’s 50 day moving average price is GBX 156.08 and its 200 day moving average price is GBX 165.01.
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.
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