Gulf Keystone Petroleum Limited (GKP) Given New GBX 230 Price Target at Peel Hunt

Gulf Keystone Petroleum Limited (LON:GKP) had its target price lowered by Peel Hunt from GBX 250 ($3.25) to GBX 230 ($2.99) in a research report released on Friday, July 21st. The brokerage currently has a buy rating on the oil production company’s stock.

Separately, Canaccord Genuity lowered their price target on Gulf Keystone Petroleum Limited to GBX 260 ($3.38) and set a buy rating for the company in a report on Friday, April 7th.

Shares of Gulf Keystone Petroleum Limited (LON GKP) traded down 3.49% during trading on Friday, hitting GBX 90.00. 60,696 shares of the company were exchanged. The firm’s market capitalization is GBX 206.31 million. The firm’s 50-day moving average price is GBX 94.61 and its 200 day moving average price is GBX 112.33. Gulf Keystone Petroleum Limited has a 12 month low of GBX 90.00 and a 12 month high of GBX 535.00.

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Gulf Keystone Petroleum Limited Company Profile

Gulf Keystone Petroleum Limited (Gulf Keystone) is a holding company, which is engaged in the oil and gas exploration and production. The Company operates in the Kurdistan Region of Iraq. It operates through segments, including Kurdistan Region of Iraq and United Kingdom. The Kurdistan Region of Iraq segment consists of the Shaikan, Ber Bahr blocks and the Erbil office, which provides support to the operations in Kurdistan.

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