Gulf Keystone Petroleum (LON:GKP) Price Target Raised to GBX 200 at Canaccord Genuity Group

Gulf Keystone Petroleum (LON:GKP) had its target price boosted by Canaccord Genuity Group from GBX 185 ($2.29) to GBX 200 ($2.47) in a research note issued to investors on Thursday morning, MarketBeat Ratings reports. Canaccord Genuity Group currently has a speculative buy rating on the oil production company’s stock.

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 190 ($2.35) target price on shares of Gulf Keystone Petroleum in a report on Tuesday, October 8th.

Gulf Keystone Petroleum Stock Up 0.2 %

GKP stock opened at GBX 154.50 ($1.91) on Thursday. The company has a market capitalization of £334.99 million, a price-to-earnings ratio of -5,150.00, a price-to-earnings-growth ratio of 0.06 and a beta of 1.22. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.18 and a current ratio of 0.97. The business’s 50 day moving average price is GBX 147 and its two-hundred day moving average price is GBX 134.21. Gulf Keystone Petroleum has a fifty-two week low of GBX 88.75 ($1.10) and a fifty-two week high of GBX 172.10 ($2.13).

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.