Gulf Keystone Petroleum (GKP) PT Raised to GBX 389
Gulf Keystone Petroleum (LON:GKP) had its target price boosted by equities researchers at Peel Hunt from GBX 356 ($4.65) to GBX 389 ($5.08) in a report issued on Thursday. The firm presently has a “buy” rating on the oil production company’s stock. Peel Hunt’s target price indicates a potential upside of 56.85% from the company’s previous close.
Separately, Canaccord Genuity restated a “buy” rating and set a GBX 310 ($4.05) price objective on shares of Gulf Keystone Petroleum in a research note on Tuesday, September 11th.
Shares of LON GKP opened at GBX 248 ($3.24) on Thursday. Gulf Keystone Petroleum has a 52-week low of GBX 86.25 ($1.13) and a 52-week high of GBX 130.74 ($1.71).
Gulf Keystone Petroleum Limited engages in the exploration, evaluation, and production of oil and gas properties in the Kurdistan Region of Iraq, the Republic of Algeria, and the United Kingdom. The company's principal asset is Shaikan block that covers an area of 283 square kilometers located north-west of Erbil.
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