Gulf Keystone Petroleum Limited 48.5% potential upside indicated by Canaccord Genuity

Gulf Keystone Petroleum Limited with ticker (LON:GKP) now has a potential upside of 48.5% according to Canaccord Genuity.



Canaccord Genuity set a target price of 210 GBX for the company, which when compared to the Gulf Keystone Petroleum Limited share price of 141 GBX at opening today (09/05/2023) indicates a potential upside of 48.5%. Trading has ranged between 126 (52 week low) and 321 (52 week high) with an average of 1,679,460 shares exchanging hands daily. The market capitalisation at the time of writing is £298,282,411.

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