Peel Hunt Issues Positive Forecast for Gulf Keystone Petroleum (LON:GKP) Stock Price

Gulf Keystone Petroleum (LON:GKP) had its target price raised by Peel Hunt from GBX 247 to GBX 264 in a report issued on Wednesday morning, Marketbeat.com reports. The brokerage currently has a buy rating on the oil production company’s stock.

A number of other brokerages also recently weighed in on GKP. Canaccord Genuity Group increased their price target on shares of Gulf Keystone Petroleum from GBX 210 to GBX 250 and gave the company a “speculative buy” rating in a report on Tuesday, September 30th. Shore Capital reissued a “no recommendation” rating on shares of Gulf Keystone Petroleum in a report on Thursday, August 28th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Gulf Keystone Petroleum presently has a consensus rating of “Buy” and an average price target of GBX 257.

Gulf Keystone Petroleum Price Performance

Shares of Gulf Keystone Petroleum stock opened at GBX 186 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.97 and a quick ratio of 2.18. Gulf Keystone Petroleum has a fifty-two week low of GBX 124.20 and a fifty-two week high of GBX 226.35. The firm has a fifty day moving average price of GBX 188.12 and a two-hundred day moving average price of GBX 170.22. The company has a market cap of £403.26 million, a PE ratio of -48,947.37, a price-to-earnings-growth ratio of 0.06 and a beta of 1.22.

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.