Gulf Keystone Petroleum Limited (GKP) Receives “Speculative Buy” Rating from Canaccord Genuity
Gulf Keystone Petroleum Limited (LON:GKP)‘s stock had its “speculative buy” rating reaffirmed by Canaccord Genuity in a note issued to investors on Friday, Marketbeat.com reports. They currently have a GBX 200 ($2.66) price objective on the oil production company’s stock. Canaccord Genuity’s target price points to a potential upside of 109.70% from the company’s previous close.
Separately, Peel Hunt lifted their price target on Gulf Keystone Petroleum Limited from GBX 230 ($3.06) to GBX 245 ($3.26) and gave the stock a “buy” rating in a report on Tuesday, September 19th.
Gulf Keystone Petroleum Limited (LON GKP) traded up 1.194% during mid-day trading on Friday, hitting GBX 95.375. The stock had a trading volume of 565,313 shares. Gulf Keystone Petroleum Limited has a one year low of GBX 86.25 and a one year high of GBX 158.37. The firm’s market capitalization is GBX 218.63 million. The stock’s 50 day moving average price is GBX 110.07 and its 200 day moving average price is GBX 107.54.
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Gulf Keystone Petroleum Limited Company Profile
Gulf Keystone Petroleum Limited (Gulf Keystone) is a holding company, which is engaged in the oil and gas exploration and production. The Company operates in the Kurdistan Region of Iraq. It operates through segments, including Kurdistan Region of Iraq and United Kingdom. The Kurdistan Region of Iraq segment consists of the Shaikan, Ber Bahr blocks and the Erbil office, which provides support to the operations in Kurdistan.
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