# Gulf Keystone Petroleum Limited 47.4% potential upside indicated by Canaccord Genuity

- Link: https://www.directorstalkinterviews.com/gulf-keystone-petroleum-limited-47.4-potential-upside-indicated-by-canaccord-genuity/4121176194
- Published: 2024-11-04T14:41:28+00:00
- Author: Charlotte Edwards

**Gulf Keystone Petroleum Limited** with ticker (LON:GKP) now has a potential upside
of 47.4% according to Canaccord Genuity.
GKP.LCanaccord Genuity set a target price
of 190 GBX for the company, which when compared to the Gulf Keystone Petroleum Limited
share price of 129 GBX at opening today (04/11/2024) indicates a potential upside
of 47.4%. Trading has ranged between 89 (52 week low) and 156 (52 week high) with
an average of 804,530 shares exchanging hands daily. The market capitalisation at
the time of writing is £280,629,373.Gulf Keystone Petroleum Limited is a Bermuda-
based holding company. The Company is engaged in the business of 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 approximately 60 kilometers
to the north-west of Erbil, the city in the Kurdistan Region of Iraq, and covering
an area of over 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, which is engaged in management, support, geological, geophysical, and
engineering services. Gulf Keystone Petroleum International Limited, which is focused
on exploration, evaluation, development and production activities in Kurdistan.

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