Gulf Keystone Petroleum (LON:GKP) Trading Up 11.7% – Should You Buy?

Posted by Donna Armstrong on Feb 5th, 2025

Gulf Keystone Petroleum Limited (LON:GKP – Get Free Report)’s share price was up 11.7% during trading on Monday . The stock traded as high as GBX 193.85 ($2.42) and last traded at GBX 190.60 ($2.38). Approximately 2,671,702 shares traded hands during trading, an increase of 156% from the average daily volume of 1,043,470 shares. The stock had previously closed at GBX 170.60 ($2.13).

Analyst Ratings Changes

Several analysts recently commented on GKP shares. Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 190 ($2.38) target price on shares of Gulf Keystone Petroleum in a report on Tuesday, October 8th. Canaccord Genuity Group raised their price objective on Gulf Keystone Petroleum from GBX 185 ($2.31) to GBX 200 ($2.50) and gave the company a “speculative buy” rating in a report on Thursday, January 23rd.

Read Our Latest Stock Report on Gulf Keystone Petroleum

Gulf Keystone Petroleum Stock Performance

The company has a debt-to-equity ratio of 0.03, a current ratio of 0.97 and a quick ratio of 2.18. The firm has a fifty day simple moving average of GBX 151.76 and a 200 day simple moving average of GBX 136.07. The company has a market capitalization of £398.52 million, a price-to-earnings ratio of -6,126.67, 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.