Gulf Keystone Petroleum (LON:GKP) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

Gulf Keystone Petroleum Limited (LON:GKP)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 187.59 and traded as low as GBX 175.40. Gulf Keystone Petroleum shares last traded at GBX 188.40, with a volume of 883,451 shares.

Analyst Ratings Changes

Separately, Canaccord Genuity Group boosted their price objective on Gulf Keystone Petroleum from GBX 240 to GBX 280 and gave the stock a “speculative buy” rating in a report on Friday, March 20th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of GBX 272.

Gulf Keystone Petroleum Trading Down 3.6%

The company has a fifty day simple moving average of GBX 191.12 and a 200-day simple moving average of GBX 187.55. The company has a current ratio of 1.64, a quick ratio of 2.18 and a debt-to-equity ratio of 0.28. The stock has a market cap of £394.88 million, a price-to-earnings ratio of 27.19, a P/E/G ratio of 0.06 and a beta of 0.11.

About Gulf Keystone Petroleum

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.