Gulf Keystone Petroleum (LON:GKP) Sets New 52-Week High – Here’s Why

Gulf Keystone Petroleum Limited (LON:GKP)’s stock price reached a new 52-week high on Tuesday . The company traded as high as GBX 164.34 ($2.01) and last traded at GBX 163.90 ($2.01), with a volume of 1159801 shares. The stock had previously closed at GBX 157 ($1.92).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 190 ($2.33) target price on shares of Gulf Keystone Petroleum in a report on Tuesday, October 8th.

Gulf Keystone Petroleum Price Performance

The firm has a market capitalization of £355.37 million, a P/E ratio of -5,463.33, a P/E/G ratio of 0.06 and a beta of 1.22. 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’s fifty day simple moving average is GBX 142.45 and its 200 day simple moving average is GBX 133.21.

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.