Gulf Keystone Petroleum (LON:GKP) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Gulf Keystone Petroleum Limited (LON:GKP)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 142.11 ($1.79) and traded as high as GBX 193.50 ($2.43). Gulf Keystone Petroleum shares last traded at GBX 190.20 ($2.39), with a volume of 1,350,369 shares traded.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group boosted their target price on shares of Gulf Keystone Petroleum from GBX 185 ($2.33) to GBX 200 ($2.52) and gave the stock a “speculative buy” rating in a research report on Thursday, January 23rd.

Gulf Keystone Petroleum Trading Up 1.3 %

The firm has a market capitalization of £517.08 million, a PE ratio of -67.67, a PEG ratio of 0.06 and a beta of 1.22. The firm’s fifty day moving average is GBX 166.66 and its two-hundred day moving average is GBX 142.54. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.97 and a quick ratio of 2.18.

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.