Gulf Keystone Petroleum (LON:GKP) Insider Purchases £12,466 in Stock

Gulf Keystone Petroleum Limited (LON:GKP) insider David Howard Thomas purchased 2,300 shares of Gulf Keystone Petroleum stock in a transaction that occurred on Monday, October 19th. The stock was purchased at an average price of GBX 542 per share, with a total value of £12,466.

David Howard Thomas also recently made the following trade(s):

• On Wednesday, October 21st, David Howard Thomas acquired 2,461 shares of Gulf Keystone Petroleum stock. The shares were purchased at an average price of GBX 203 per share, with a total value of £4,995.83.

Gulf Keystone Petroleum Stock Performance

GKP stock opened at GBX 212.50 on Friday. The company has a market capitalization of £462.07 million, a price-to-earnings ratio of 13.54, a P/E/G ratio of 0.06 and a beta of 0.12. Gulf Keystone Petroleum Limited has a 12 month low of GBX 160.60 and a 12 month high of GBX 235. The firm has a 50 day moving average of GBX 196.01 and a two-hundred day moving average of GBX 186.19. The company has a quick ratio of 2.18, a current ratio of 2.00 and a debt-to-equity ratio of 0.25.

Analysts Set New Price Targets

A number of brokerages have commented on GKP. Peel Hunt restated a “buy” rating and set a GBX 277 price target on shares of Gulf Keystone Petroleum in a research note on Monday, July 13th. Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 275 price target on shares of Gulf Keystone Petroleum in a research note on Wednesday, August 26th. Two analysts have rated the stock with a Buy rating. Based on data from MarketBeat, Gulf Keystone Petroleum has an average rating of “Buy” and an average price target of GBX 276.

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. The company was incorporated in 2001 and is based in Hamilton, Bermuda.