Gulf Keystone Petroleum (LON:GKP) Stock: Insider Gabriel Papineau-Legris Purchases 10,000 Shares

Gulf Keystone Petroleum Limited (LON:GKP) insider Gabriel Papineau-Legris bought 10,000 shares of Gulf Keystone Petroleum stock in a transaction on Tuesday, October 20th. The shares were bought at an average price of GBX 197 per share, for a total transaction of £19,700.

Gulf Keystone Petroleum Trading Down 7.8%

Shares of Gulf Keystone Petroleum stock traded down GBX 17.50 during trading on Tuesday, hitting GBX 207.50. 5,928,815 shares of the company were exchanged, compared to its average volume of 1,139,177. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.00 and a quick ratio of 2.18. The firm has a market capitalization of £451.19 million, a P/E ratio of 13.22, a price-to-earnings-growth ratio of 0.06 and a beta of 0.12. The firm’s fifty day moving average price is GBX 193.67 and its 200 day moving average price is GBX 185.94. Gulf Keystone Petroleum Limited has a 1-year low of GBX 160.60 and a 1-year high of GBX 235.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 275 price objective on shares of Gulf Keystone Petroleum in a report on Wednesday, August 26th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 277 target price on shares of Gulf Keystone Petroleum in a research note on Monday, July 13th. Two equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of GBX 276.

Gulf Keystone Petroleum Company Profile

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.