Canaccord Genuity Group Reaffirms “Speculative Buy” Rating for Gulf Keystone Petroleum (LON:GKP)

Gulf Keystone Petroleum (LON:GKP)‘s stock had its “speculative buy” rating reiterated by stock analysts at Canaccord Genuity Group in a research note issued on Wednesday,Digital Look reports. They currently have a GBX 275 price target on the oil production company’s stock. Canaccord Genuity Group’s price target points to a potential upside of 45.23% from the company’s previous close.

Separately, Peel Hunt reaffirmed a “buy” rating and issued a GBX 277 price target on shares of Gulf Keystone Petroleum in a research note on Monday, July 13th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of GBX 276.

Gulf Keystone Petroleum Trading Down 3.0%

LON:GKP opened at GBX 189.35 on Wednesday. Gulf Keystone Petroleum has a 1-year low of GBX 160.60 and a 1-year high of GBX 235. The business’s 50-day moving average price is GBX 175.41 and its two-hundred day moving average price is GBX 187.24. The company has a current ratio of 1.64, a quick ratio of 2.18 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of £411.73 million, a price-to-earnings ratio of 28.35, a PEG ratio of 0.06 and a beta of 0.12.

About Gulf Keystone Petroleum

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.