Gulf Keystone Petroleum (LON:GKP) Share Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Gulf Keystone Petroleum Limited (LON:GKP)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 187.73 and traded as low as GBX 160.60. Gulf Keystone Petroleum shares last traded at GBX 162.80, with a volume of 1,393,210 shares.

Analyst Ratings Changes

Separately, Peel Hunt reissued a “buy” rating and issued a GBX 277 target price 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, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of GBX 278.50.

Gulf Keystone Petroleum Stock Performance

The stock has a market cap of £354.00 million, a P/E ratio of 24.37, a price-to-earnings-growth ratio of 0.06 and a beta of 0.12. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.64 and a quick ratio of 2.18. The stock’s 50 day simple moving average is GBX 178.18 and its two-hundred day simple moving average is GBX 187.73.

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.