Canaccord Genuity Group Increases Gulf Keystone Petroleum (LON:GKP) Price Target to GBX 225

Gulf Keystone Petroleum (LON:GKP) had its target price hoisted by equities researchers at Canaccord Genuity Group from GBX 200 ($2.60) to GBX 225 ($2.93) in a research report issued to clients and investors on Thursday,London Stock Exchange reports. The brokerage currently has a “speculative buy” rating on the oil production company’s stock. Canaccord Genuity Group’s price target would indicate a potential upside of 11.83% from the company’s previous close.

Gulf Keystone Petroleum Stock Up 0.9 %

LON:GKP traded up GBX 1.70 ($0.02) on Thursday, reaching GBX 201.20 ($2.62). The stock had a trading volume of 1,684,969 shares, compared to its average volume of 979,213. 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 company has a 50-day moving average of GBX 176.77 and a 200 day moving average of GBX 147.90. The stock has a market cap of £546.99 million, a P/E ratio of -71.58, a price-to-earnings-growth ratio of 0.06 and a beta of 1.22. Gulf Keystone Petroleum has a 12-month low of GBX 102.20 ($1.33) and a 12-month high of GBX 209.80 ($2.73).

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.