Gulf Keystone Petroleum (LON:GKP) Insider Purchases £4,995.83 in Stock

Gulf Keystone Petroleum Limited (LON:GKP) insider David Howard Thomas acquired 2,461 shares of the stock in a transaction dated Wednesday, October 21st. The stock was acquired at an average cost of GBX 203 per share, for a total transaction of £4,995.83.

David Howard Thomas also recently made the following trade(s):

• On Monday, October 19th, David Howard Thomas bought 2,300 shares of Gulf Keystone Petroleum stock. The stock was acquired at an average price of GBX 542 per share, for a total transaction of £12,466.

Gulf Keystone Petroleum Stock Up 3.7%

LON GKP opened at GBX 212.50 on Friday. Gulf Keystone Petroleum Limited has a 12 month low of GBX 160.60 and a 12 month high of GBX 235. The company has a market capitalization of £462.07 million, a P/E ratio of 13.54, a PEG ratio of 0.06 and a beta of 0.12. The company’s 50 day simple moving average is GBX 196.01 and its 200 day simple moving average is GBX 186.19. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.00 and a quick ratio of 2.18.

Wall Street Analysts Forecast Growth

GKP has been the subject of several analyst reports. Peel Hunt reaffirmed a “buy” rating and set a GBX 277 target price on shares of Gulf Keystone Petroleum in a report on Monday, July 13th. Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 275 price target on shares of Gulf Keystone Petroleum in a research report on Wednesday, August 26th. Two research analysts have rated the stock with a Buy rating. According to data from MarketBeat, Gulf Keystone Petroleum has an average rating of “Buy” and a consensus price target 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.