Gulf Keystone Petroleum (LON:GKP) Reaches New 52-Week High – Here’s What Happened

Gulf Keystone Petroleum Limited (LON:GKP) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 199.50 ($2.60) and last traded at GBX 197.38 ($2.57), with a volume of 44086 shares changing hands. The stock had previously closed at GBX 196.50 ($2.56).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group upped their price target on Gulf Keystone Petroleum from GBX 185 ($2.41) to GBX 200 ($2.60) and gave the company a “speculative buy” rating in a research note on Thursday, January 23rd.

Gulf Keystone Petroleum Stock Up 1.4 %

The company has a debt-to-equity ratio of 0.03, a current ratio of 0.97 and a quick ratio of 2.18. The firm has a market cap of £542.36 million, a price-to-earnings ratio of -70.97, a price-to-earnings-growth ratio of 0.06 and a beta of 1.22. The firm has a 50 day moving average price of GBX 176.77 and a 200-day moving average price of GBX 147.90.

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.