Gulf Keystone Petroleum (LON:GKP) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Gulf Keystone Petroleum Limited (LON:GKP)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 144.73 ($1.88) and traded as high as GBX 187.90 ($2.44). Gulf Keystone Petroleum shares last traded at GBX 186.40 ($2.42), with a volume of 768,860 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group raised their price target on Gulf Keystone Petroleum from GBX 185 ($2.40) to GBX 200 ($2.59) and gave the stock a “speculative buy” rating in a research note on Thursday, January 23rd.

Gulf Keystone Petroleum Stock Up 4.3 %

The stock has a market cap of £522.52 million, a price-to-earnings ratio of -68.38, a price-to-earnings-growth ratio of 0.06 and a beta of 1.22. The firm’s 50-day moving average is GBX 172.85 and its 200 day moving average is GBX 145.55. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.97 and a quick ratio of 2.18.

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.