Insider Buying: Gulf Keystone Petroleum (LON:GKP) Insider Purchases 2,300 Shares of Company Stock

by · The Markets Daily

Gulf Keystone Petroleum Limited (LON:GKP – Get Free Report) insider David Howard Thomas bought 2,300 shares of the stock in a transaction on Monday, October 19th. The stock was acquired at an average price of GBX 542 per share, with a total value of £12,466.

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

  • On Wednesday, October 21st, David Howard Thomas purchased 2,461 shares of Gulf Keystone Petroleum stock. The stock was acquired at an average cost of GBX 203 per share, for a total transaction of £4,995.83.

Gulf Keystone Petroleum Price Performance

Gulf Keystone Petroleum stock opened at GBX 211.11 on Wednesday. The stock has a market capitalization of £459.04 million, a price-to-earnings ratio of 13.46, a PEG ratio of 0.06 and a beta of 0.12. Gulf Keystone Petroleum Limited has a 52-week low of GBX 160.60 and a 52-week high of GBX 235. The stock’s 50 day moving average price is GBX 194.15 and its two-hundred day moving average price is GBX 185.95. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.18 and a current ratio of 2.00.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Analysis on GKP

Gulf Keystone Petroleum Company Profile

(Get Free Report)

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.

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