Gulf Keystone Petroleum Ltd (GUKYF)

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Gulf Keystone Petroleum Limited Receives Buy Rating from Mirabaud Securities (GKP)
Gulf Keystone Petroleum Limited logoGulf Keystone Petroleum Limited (LON:GKP)‘s stock had its “buy” rating reiterated by Mirabaud Securities in a research report issued to clients and investors on Tuesday, MarketBeat reports. They presently have a GBX 58 ($0.88) target price on the oil production company’s stock. Mirabaud Securities’ target price would indicate a potential upside of 125.24% from the company’s previous close.

Shares of Gulf Keystone Petroleum Limited (LON:GKP) traded up 0.1312% on Tuesday, hitting GBX 25.7838. The company had a trading volume of 1,058,694 shares. Gulf Keystone Petroleum Limited has a 52 week low of GBX 8.50 and a 52 week high of GBX 82.36. The stock’s 50-day moving average is GBX 29.26 and its 200 day moving average is GBX 32.05. The company’s market capitalization is GBX 247.38 million.

Separately, Canaccord Genuity lowered their price target on Gulf Keystone Petroleum Limited from GBX 30 ($0.46) to GBX 25 ($0.38) and set a “hold” rating on the stock in a research note on Tuesday, September 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Gulf Keystone Petroleum Limited currently has a consensus rating of “Hold” and a consensus price target of GBX 55.57 ($0.85).

Gulf Keystone Petroleum Limited (LON:GKP) is an unaffiliated gas and oil exploration and production business. The Firm has five discoveries in the Kurdistan Region of Iraq across a portfolio of development and generation assets, including the Shaikan field. The United Kingdom, Kurdistan and also Algeria operates through three sections:. The Algerian segment consists of the Company’s operations and the Algiers office. The Kurdistan section consists of the Shaikan, Akri Bijeel, Sheikh Adi and Ber Bahr blocks, and the Erbil office which supplies support to the businesses in Kurdistan. The United Kingdom section provides geophysical, geological and engineering services to the Company. Production sharing contracts are held by Gulf Keystone for four adjacent blocks in the Kurdistan Region of Iraq, Shaikan and Sheikh Adi, both of which are Company operated, and Akri Bijeel and Ber Bahr, all.