Insider Buying: Gulf Keystone Petroleum (LON:GKP) Insider Acquires £29,820 in Stock

Gulf Keystone Petroleum Limited (LON:GKP) insider Jon Harris bought 14,000 shares of the company’s stock in a transaction on Tuesday, October 20th. The shares were bought at an average price of GBX 213 per share, with a total value of £29,820.

Gulf Keystone Petroleum Price Performance

GKP stock opened at GBX 205 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.00 and a quick ratio of 2.18. Gulf Keystone Petroleum Limited has a one year low of GBX 160.60 and a one year high of GBX 235. The stock has a market cap of £445.76 million, a PE ratio of 13.07, a P/E/G ratio of 0.06 and a beta of 0.12. The firm has a 50 day simple moving average of GBX 195.34 and a two-hundred day simple moving average of GBX 186.01.

Wall Street Analyst Weigh In

GKP has been the subject of a number of research analyst reports. Canaccord Genuity Group reaffirmed 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 reissued 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 research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of GBX 276.

About Gulf Keystone Petroleum

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.