Gulf Keystone Petroleum Limited 3.0% potential upside indicated by Berenberg Bank

Broker Ratings

Gulf Keystone Petroleum Limited with ticker (LON:GKP) now has a potential upside of 3.0% according to Berenberg Bank.

Berenberg Bank set a target price of 300 GBX for the company, which when compared to the Gulf Keystone Petroleum Limited share price of 291 GBX at opening today (14/06/2022) indicates a potential upside of 3.0%. Trading has ranged between 1 (52 week low) and 295 (52 week high) with an average of 2,084,294 shares exchanging hands daily. The market capitalisation at the time of writing is £633,007,461.

Gulf Keystone Petroleum Limited (Gulf Keystone) is a holding company, which is engaged in the oil and gas exploration and production. The Company operates in the Kurdistan Region of Iraq. It operates through segments, including Kurdistan Region of Iraq and United Kingdom. The Kurdistan Region of Iraq segment consists of the Shaikan, Ber Bahr blocks and the Erbil office, which provides support to the operations in Kurdistan. The United Kingdom segment provides geological, geophysical, engineering and corporate services to the Company. It operates in the Shaikan oil field. The Shaikan block is situated over 85 kilometers northwest of Erbil, covering an area of over 280 square kilometers.

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