Gulf Keystone Petroleum (LON:GKP) Hits New 52-Week High – What’s Next?

Gulf Keystone Petroleum Limited (LON:GKP)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 195 ($2.46) and last traded at GBX 194.60 ($2.46), with a volume of 1408215 shares trading hands. The stock had previously closed at GBX 184.80 ($2.33).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group lifted their target price on Gulf Keystone Petroleum from GBX 185 ($2.34) to GBX 200 ($2.53) and gave the company a “speculative buy” rating in a report on Thursday, January 23rd.

Gulf Keystone Petroleum Price Performance

The company has a market capitalization of £529.04 million, a PE ratio of -69.23, a P/E/G ratio of 0.06 and a beta of 1.22. 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 stock has a fifty day simple moving average of GBX 161.52 and a 200-day simple moving average of GBX 140.51.

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.