Gulf Keystone Petroleum (LON:GKP) Shares Cross Below 200 Day Moving Average of $114.23

Gulf Keystone Petroleum Limited (LON:GKP) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 114.23 ($1.42) and traded as low as GBX 112.70 ($1.40). Gulf Keystone Petroleum shares last traded at GBX 112.70 ($1.40), with a volume of 1,420,191 shares trading hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group decreased their price objective on Gulf Keystone Petroleum from GBX 180 ($2.24) to GBX 165 ($2.05) and set a “speculative buy” rating on the stock in a research report on Thursday, March 21st.

Gulf Keystone Petroleum Stock Performance

The stock has a 50 day moving average price of GBX 104.45 and a two-hundred day moving average price of GBX 114.23. The company has a current ratio of 0.93, a quick ratio of 2.18 and a debt-to-equity ratio of 0.07. The company has a market cap of £250.69 million, a price-to-earnings ratio of -2,817.50, a P/E/G ratio of 0.06 and a beta of 1.17.

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.