Gulf Keystone Petroleum (LON:GKP) Earns “Buy” Rating from Peel Hunt

Gulf Keystone Petroleum (LON:GKP)‘s stock had its “buy” rating reaffirmed by investment analysts at Peel Hunt in a research note issued on Monday,London Stock Exchange reports. They presently have a GBX 277 price target on the oil production company’s stock. Peel Hunt’s price target suggests a potential upside of 58.65% from the stock’s current price.

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 research note on Friday, March 20th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 278.50.

Gulf Keystone Petroleum Price Performance

GKP stock traded up GBX 3.60 during midday trading on Monday, reaching GBX 174.60. The stock had a trading volume of 654,915 shares, compared to its average volume of 1,343,928. The company’s fifty day simple moving average is GBX 180.15 and its 200 day simple moving average is GBX 187.78. 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 company has a market cap of £379.66 million, a price-to-earnings ratio of 26.14, a price-to-earnings-growth ratio of 0.06 and a beta of 0.12. Gulf Keystone Petroleum has a 52-week low of GBX 157.20 and a 52-week high of GBX 235.

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.