Gulf Keystone Petroleum (LON:GKP) Price Target Lowered to GBX 240 at Canaccord Genuity Group

Gulf Keystone Petroleum (LON:GKP) had its price target cut by investment analysts at Canaccord Genuity Group from GBX 250 to GBX 240 in a report released on Friday,Digital Look reports. The firm currently has a “speculative buy” rating on the oil production company’s stock. Canaccord Genuity Group’s price target suggests a potential upside of 31.80% from the company’s current price.

Separately, Peel Hunt lifted their price objective on shares of Gulf Keystone Petroleum from GBX 247 to GBX 264 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of GBX 252.

Gulf Keystone Petroleum Stock Up 5.9%

GKP stock opened at GBX 182.10 on Friday. The stock’s 50 day moving average is GBX 175.65 and its 200-day moving average is GBX 179.04. Gulf Keystone Petroleum has a twelve month low of GBX 143.15 and a twelve month high of GBX 226.35. The firm has a market capitalization of £394.80 million, a PE ratio of -479.21, a P/E/G ratio of 0.06 and a beta of 1.22. 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. The company was incorporated in 2001 and is based in Hamilton, Bermuda.