Gulf Keystone Petroleum (LON:GKP) Shares Up 11.5% – Time to Buy?

Posted by Trent Williams on Feb 3rd, 2025

Gulf Keystone Petroleum Limited (LON:GKP – Get Free Report) traded up 11.5% during trading on Monday . The company traded as high as GBX 193.85 ($2.38) and last traded at GBX 190.20 ($2.34). 9,924,429 shares changed hands during mid-day trading, an increase of 630% from the average session volume of 1,358,806 shares. The stock had previously closed at GBX 170.60 ($2.10).

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 190 ($2.33) price target on shares of Gulf Keystone Petroleum in a research report on Tuesday, October 8th. Canaccord Genuity Group upped their price target on Gulf Keystone Petroleum from GBX 185 ($2.27) to GBX 200 ($2.46) and gave the company a “speculative buy” rating in a research report on Thursday, January 23rd.

View Our Latest Report on GKP

Gulf Keystone Petroleum Trading Up 11.7 %

The company has a current ratio of 0.97, a quick ratio of 2.18 and a debt-to-equity ratio of 0.03. The firm has a 50-day moving average of GBX 149.29 and a 200 day moving average of GBX 134.99. The company has a market cap of £413.26 million, a P/E ratio of -6,353.33, a price-to-earnings-growth ratio of 0.06 and a beta of 1.22.

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.