Canaccord Genuity Group Issues Positive Forecast for Gulf Keystone Petroleum (LON:GKP) Stock Price

Gulf Keystone Petroleum (LON:GKP) had its target price increased by Canaccord Genuity Group from GBX 200 ($2.59) to GBX 225 ($2.92) in a research note released on Thursday, Marketbeat.com reports. Canaccord Genuity Group currently has a speculative buy rating on the oil production company’s stock.

Gulf Keystone Petroleum Stock Performance

GKP stock opened at GBX 202.81 ($2.63) on Thursday. Gulf Keystone Petroleum has a twelve month low of GBX 102.20 ($1.33) and a twelve month high of GBX 209.80 ($2.72). The firm has a market cap of £551.37 million, a price-to-earnings ratio of -72.15, a PEG ratio of 0.06 and a beta of 1.22. The business’s fifty day simple moving average is GBX 178.56 and its two-hundred day simple moving average is GBX 148.64. The company has a quick ratio of 2.18, a current ratio of 0.97 and a debt-to-equity ratio of 0.03.

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.