Gulf Keystone Petroleum (LON:GKP) Share Price Passes Below 200 Day Moving Average of $0.00

Gulf Keystone Petroleum Limited (LON:GKP)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.00 and traded as low as $239.00. Gulf Keystone Petroleum shares last traded at $240.00, with a volume of 619,488 shares.

A number of equities analysts recently commented on the stock. Peel Hunt raised their price target on shares of Gulf Keystone Petroleum from GBX 370 ($4.83) to GBX 390 ($5.10) and gave the stock a “buy” rating in a research report on Wednesday, July 3rd. Peel Hunt reaffirmed a “buy” rating and set a GBX 382 ($4.99) price target on shares of Gulf Keystone Petroleum in a research report on Friday, June 21st.

The firm has a market capitalization of $543.55 million and a price-to-earnings ratio of 7.08. The stock has a 50-day moving average price of GBX 227.54. The company has a debt-to-equity ratio of 17.69, a current ratio of 4.41 and a quick ratio of 4.23.

About Gulf Keystone Petroleum (LON:GKP)

Gulf Keystone Petroleum Limited engages in the exploration, evaluation, and production of oil and gas properties in the Kurdistan Region of Iraq, the Republic of Algeria, and the United Kingdom. The company's principal asset is Shaikan block that covers an area of 283 square kilometers located north-west of Erbil.

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