Canaccord Genuity Group Forecasts Strong Price Appreciation for Gulf Keystone Petroleum (LON:GKP) Stock

Gulf Keystone Petroleum (LON:GKP) had its price objective boosted by analysts at Canaccord Genuity Group from GBX 240 to GBX 280 in a report issued on Friday, Marketbeat Ratings reports. The brokerage currently has a “speculative buy” rating on the oil production company’s stock. Canaccord Genuity Group’s price target suggests a potential upside of 23.89% from the stock’s previous close.

Gulf Keystone Petroleum Stock Performance

Shares of Gulf Keystone Petroleum stock traded down GBX 6 during trading on Friday, reaching GBX 226. The company’s stock had a trading volume of 1,627,257 shares, compared to its average volume of 1,179,163. Gulf Keystone Petroleum has a one year low of GBX 143.15 and a one year high of GBX 235. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.18 and a current ratio of 1.28. The firm has a market cap of £491.20 million, a price-to-earnings ratio of -594.74, a price-to-earnings-growth ratio of 0.06 and a beta of 0.18. The business’s fifty day moving average price is GBX 192.40 and its 200-day moving average price is GBX 185.71.

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.