Gulf Keystone Petroleum (LON:GKP) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Gulf Keystone Petroleum Limited (LON:GKP) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 142.11 ($1.79) and traded as high as GBX 193.50 ($2.43). Gulf Keystone Petroleum shares last traded at GBX 190.20 ($2.39), with a volume of 1,350,369 shares trading hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group boosted their target price on shares of Gulf Keystone Petroleum from GBX 185 ($2.33) to GBX 200 ($2.52) and gave the company a “speculative buy” rating in a research note on Thursday, January 23rd.

Gulf Keystone Petroleum Trading Up 1.3 %

The stock’s 50 day simple moving average is GBX 166.66 and its two-hundred day simple moving average is GBX 142.54. 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 market capitalization of £517.08 million, a PE ratio of -67.67, a PEG ratio of 0.06 and a beta of 1.22.

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.