Gulf Keystone Petroleum Limited 48.1% potential upside indicated by Canaccord Genuity

Gulf Keystone Petroleum Limited with ticker (LON:GKP) now has a potential upside of 48.1% according to Canaccord Genuity.



Canaccord Genuity set a target price of 165 GBX for the company, which when compared to the Gulf Keystone Petroleum Limited share price of 111 GBX at opening today (05/04/2024) indicates a potential upside of 48.1%. Trading has ranged between 81 (52 week low) and 174 (52 week high) with an average of 870,853 shares exchanging hands daily. The market capitalisation at the time of writing is £242,908,404.

Gulf Keystone Petroleum Limited is a holding company, which is engaged in oil and gas exploration, development and production. The Company operates in the Kurdistan Region of Iraq. The Company is the operator of the Shaikan Field, situated around 60 kilometers to the north-west of Erbil, the city in the Kurdistan Region of Iraq, and covering an area of 280 square kilometers (km2). The Company has a Production Sharing Contract with the Kurdistan Regional Government and has an 80% working interest in the Shaikan license. The Company’s subsidiaries include Gulf Keystone Petroleum (UK) Limited and Gulf Keystone Petroleum International Limited. Gulf Keystone Petroleum (UK) Limited is engaged in management, support, geological, geophysical and engineering services. Gulf Keystone Petroleum International Limited is focused on exploration, evaluation, development and production activities in Kurdistan.