Insider Buying: Gulf Keystone Petroleum (LON:GKP) Insider Acquires £19,700 in Stock

Gulf Keystone Petroleum Limited (LON:GKP) insider Gabriel Papineau-Legris acquired 10,000 shares of the company’s stock in a transaction on Tuesday, October 20th. The stock was purchased at an average cost of GBX 197 per share, for a total transaction of £19,700.

Gulf Keystone Petroleum Stock Down 2.1%

Shares of Gulf Keystone Petroleum stock opened at GBX 205 on Friday. Gulf Keystone Petroleum Limited has a one year low of GBX 160.60 and a one year high of GBX 235. The company has a market cap of £445.76 million, a P/E ratio of 13.07, a PEG ratio of 0.06 and a beta of 0.12. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.18 and a current ratio of 2.00. The firm has a fifty day moving average of GBX 195.34 and a two-hundred day moving average of GBX 186.01.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on GKP. Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 275 price target on shares of Gulf Keystone Petroleum in a research note on Wednesday, August 26th. Peel Hunt restated a “buy” rating and issued a GBX 277 price objective on shares of Gulf Keystone Petroleum in a research report on Monday, July 13th. Two equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of GBX 276.

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. The company was incorporated in 2001 and is based in Hamilton, Bermuda.