Gulf Keystone Petroleum (LON:GKP) Trading 11.7% Higher – Should You Buy?

Gulf Keystone Petroleum Limited (LON:GKP) traded up 11.7% during mid-day trading on Monday . The stock traded as high as GBX 193.85 ($2.42) and last traded at GBX 190.60 ($2.38). 2,671,702 shares changed hands during mid-day trading, an increase of 156% from the average session volume of 1,043,470 shares. The stock had previously closed at GBX 170.60 ($2.13).

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 190 ($2.38) price target on shares of Gulf Keystone Petroleum in a report on Tuesday, October 8th. Canaccord Genuity Group increased their price target on Gulf Keystone Petroleum from GBX 185 ($2.31) to GBX 200 ($2.50) and gave the company a “speculative buy” rating in a report on Thursday, January 23rd.

Gulf Keystone Petroleum Trading Down 2.6 %

The company has a current ratio of 0.97, a quick ratio of 2.18 and a debt-to-equity ratio of 0.03. The business’s 50-day simple moving average is GBX 151.76 and its two-hundred day simple moving average is GBX 136.07. The company has a market capitalization of £398.52 million, a PE ratio of -6,126.67, a PEG 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.