Key Points
- Insider purchase: Gulf Keystone Petroleum insider Gabriel Papineau-Legris bought 10,000 shares at GBX 197 each, investing a total of £19,700.
- Stock performance: Shares opened at GBX 204, with the company valued at approximately £443.6 million. The stock has traded between GBX 160.60 and GBX 235 over the past year.
- Analyst outlook: Analysts maintain a positive view, with a consensus “Buy” rating and an average price target of GBX 276, compared with the reported share price near GBX 204.
Gulf Keystone Petroleum Limited (LON:GKP - Get Free Report) insider Gabriel Papineau-Legris bought 10,000 shares of the stock in a transaction on Tuesday, October 20th. The stock was purchased at an average price of GBX 197 per share, for a total transaction of £19,700.
Gulf Keystone Petroleum Price Performance
Shares of LON:GKP opened at GBX 204 on Wednesday. The firm has a market capitalization of £443.58 million, a PE ratio of 13.00, a P/E/G ratio of 0.06 and a beta of 0.12. The company has a quick ratio of 2.18, a current ratio of 2.00 and a debt-to-equity ratio of 0.25. The company has a 50-day moving average price of GBX 194.15 and a two-hundred day moving average price of GBX 185.95. Gulf Keystone Petroleum Limited has a twelve month low of GBX 160.60 and a twelve month high of GBX 235.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on the company. Canaccord Genuity Group reiterated a "speculative buy" rating and issued a GBX 275 price objective on shares of Gulf Keystone Petroleum in a research report on Wednesday, August 26th. Peel Hunt reaffirmed a "buy" rating and set a GBX 277 price target on shares of Gulf Keystone Petroleum in a research note on Monday, July 13th. Two investment analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of GBX 276.
Get Our Latest Analysis on GKP
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. The company was incorporated in 2001 and is based in Hamilton, Bermuda.
Further Reading
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