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

Gulf Keystone Petroleum (LON:GKP) had its price objective increased by analysts at Canaccord Genuity Group from GBX 185 ($2.28) to GBX 200 ($2.46) in a research report issued to clients and investors on Thursday,Digital Look reports. The firm presently has a “speculative buy” rating on the oil production company’s stock. Canaccord Genuity Group’s price objective indicates a potential upside of 27.27% from the company’s current price.

Separately, Canaccord Genuity Group restated a “speculative buy” rating and issued a GBX 190 ($2.34) target price on shares of Gulf Keystone Petroleum in a report on Tuesday, October 8th.

Gulf Keystone Petroleum Price Performance

LON GKP opened at GBX 157.15 ($1.93) on Thursday. The stock has a market capitalization of £340.73 million, a P/E ratio of -5,238.33, a P/E/G 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 fifty day moving average is GBX 147 and its two-hundred day moving average is GBX 134.21. Gulf Keystone Petroleum has a 1 year low of GBX 88.75 ($1.09) and a 1 year high of GBX 172.10 ($2.12).

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.