Gulf Keystone Petroleum (LON:GKP) Hits New 52-Week High – What’s Next?

Posted by Latisha Jones on Feb 23rd, 2025

Shares of Gulf Keystone Petroleum Limited (LON:GKP – Get Free Report) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 195 ($2.46) and last traded at GBX 194.60 ($2.46), with a volume of 1408215 shares traded. The stock had previously closed at GBX 184.80 ($2.33).

Analyst Ratings Changes

Separately, Canaccord Genuity Group raised their target price on Gulf Keystone Petroleum from GBX 185 ($2.34) to GBX 200 ($2.53) and gave the stock a “speculative buy” rating in a research note on Thursday, January 23rd.

View Our Latest Stock Report on GKP

Gulf Keystone Petroleum Price 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 stock has a 50 day moving average price of GBX 161.52 and a two-hundred day moving average price of GBX 140.51. The firm has a market capitalization of £529.04 million, a price-to-earnings ratio of -69.23, a PEG ratio of 0.06 and a beta of 1.22.

About Gulf Keystone Petroleum

(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.