Gulf Keystone Petroleum (LON:GKP) Stock Price Passes Below 200-Day Moving Average – Here’s Why

Posted by ABMN Staff on Jun 5th, 2026

Shares of Gulf Keystone Petroleum Limited (LON:GKP – Get Free Report) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 187.59 and traded as low as GBX 175.40. Gulf Keystone Petroleum shares last traded at GBX 188.40, with a volume of 883,451 shares traded.

Analyst Ratings Changes

Separately, Canaccord Genuity Group lifted their target price on shares of Gulf Keystone Petroleum from GBX 240 to GBX 280 and gave the stock a “speculative buy” rating in a research report on Friday, March 20th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of GBX 272.

Get Our Latest Stock Report on GKP

Gulf Keystone Petroleum Price Performance

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 business has a 50-day moving average price of GBX 191.61 and a 200 day moving average price of GBX 187.59. The stock has a market cap of £403.64 million, a PE ratio of 27.79, a PEG ratio of 0.06 and a beta of 0.11.

Gulf Keystone Petroleum Company Profile

(Get Free Report)

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.