Gulf Keystone Petroleum (LON:GKP) Hits New 1-Year High at $205.00

Shares of Gulf Keystone Petroleum Limited (LON:GKP) reached a new 52-week high on Monday . The company traded as high as GBX 205 ($2.68) and last traded at GBX 205 ($2.68), with a volume of 2046061 shares changing hands. The stock had previously closed at GBX 192.80 ($2.52).

Several research analysts have recently commented on the company. Canaccord Genuity raised their price objective on Gulf Keystone Petroleum from GBX 275 ($3.59) to GBX 280 ($3.66) and gave the stock a “buy” rating in a research note on Friday, September 3rd. Berenberg Bank raised their price objective on Gulf Keystone Petroleum from GBX 190 ($2.48) to GBX 195 ($2.55) and gave the stock a “hold” rating in a research note on Wednesday, September 8th.

The firm has a market cap of £438.15 million and a PE ratio of 12.06. The firm has a fifty day simple moving average of GBX 171.05 and a two-hundred day simple moving average of GBX 176.01. The company has a debt-to-equity ratio of 21.35, a quick ratio of 2.82 and a current ratio of 3.16.

Gulf Keystone Petroleum Company Profile (LON:GKP)

Gulf Keystone Petroleum Limited engages in the exploration, evaluation, and production of oil and gas properties in the Kurdistan Region of Iraq and the United Kingdom. The company operates Shaikan field that covers an area of 283 square kilometers, which is located north-west of Erbil. It also provides management, support, geological, geophysical, and engineering services.

Featured Article: Initial Coin Offerings entail a high degree of risk

Receive News & Ratings for Gulf Keystone Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gulf Keystone Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.