The past month has seen the share price of Gulf Keystone Petroleum rise by a margin of 17.2%, making it trade at 87 currently. Despite the impressive share price run, a lot of investors are wondering whether to sell, hold or buy their stocks.
This is mostly because they are uncertain of the price shifts in future, especially with the prevailing global lockdown due to the coronavirus pandemic.
What is the Gulf Keystone Petroleum?
Gulf Keystone Petroleum is an independent company that deals with the exploration and production of oil and gas. It operates in Iraq, in the Kurdistan region. It has been listed in the London Stock Exchange since 2004 on the main market.
According to Berenberg, it is a good idea to invest in Gulf Keystone. This is because the plummeting oil prices have now created an immense opportunity to invest. The companies that will survive this crash will strongly outperform others.
At the moment, Gulf Keystone is a highly-geared company and it will be a good investment because traders should now direct their focus on quality balance sheets and assets, which Gulf Keystone offers with its current share price.
Although there are some uncertainty overpayments, it has managed to retain a strong balance sheet and premium bonds. This will enable it to expand when activity resumes.
The Gulf Keystone Petroleum analysts seem to be fairly confident that the firm will continue with this run well into the future. Here are the trading recommendations the company currently has:
- 0 Sell recommendations
- 0 Hold recommendations
- 4 Buy recommendations
- 3 Outperform recommendations
- 0 Underperform recommendations
What does this mean? Essentially, the firm’s analysts have a generally positive outlook about the future of the company’s share price. At 87 per share, the company is trading a -66.1% discount to its 52-week high price. Initially, the 52-week discount on the shares stood at -60.3%.
Share Price Info
- Open: 90.60
- Low: 87.80
- High: 91.50
- Bid: 89.20
- Offer: 90.10
- Range: 87.80-91.50
- Volume: 300,637
- Change: -3.42 (-3.7%)
- Dividend yield: 0.13%
- P/E Ratio: 6.14
When looking at companies with very promising share prices Gulf Keystone is among the most viable options investors can go for. Although the share price is not high enough, it is definitely moving in the right direction. If this is anything to go with, by the time the market recovers it will be performing at its best.
Many investors might be tempted into choosing big names in the oil industry like Shell and BP for safety.
However, Gulf Keystone is seemingly a safer option than the two, especially considering that it remains profitable over the years, despite the 2020 loss forecast. Additionally, the company doesn’t hold any debt at the moment.
Frequently Asked Questions
What is the Gulf Keystone Petroleum share price?
The current Gulf Keystone Petroleum share price is 90.3, with 4 buy recommendations and 3 outperform recommendations. The company is highly geared at the moment.
Where the Gulf Keystone Petroleum is located?
Gulf Keystone Petroleum is located in Iraq. Specifically, it is situated in the Kurdistan region. In Iraq, it also operates the Shaikan oil field.
What is the share price Shell?
The share price of Shell is currently at 14.91 EUR. If you are keen on investing in oil but you are uncertain of climate change as seen in the BBC weather Bolton news, could be the best option for you from the FTSE 100.
Shell as a company has the potential of evolving from a pure oil and gas firm into a more sustainable energy company.
What is the TLW share price?
The Tullow Oil share price is 31.76 GBX. The price has been consistently falling. There are all possible indications that the share price might not recover anytime this year. This is mainly because of the COVID-19 pandemic and the collapse of the Opec+ alliance that have brought the prices of crude oil to record lows.
Although it remains uncertain when the doors will open, Gulf Keystone Petroleum share price offers incredible investment opportunity. Therefore, if you are an investor looking for potential stock investment deals to add to your portfolio, Gulf Keystone could be a great place for you to start.
It is among the best options with the potential to strongly emerge when the 2020 stock market recovers.
Disclaimer: This article is not investment advice or an investment recommendation and should not be considered as such. The information above is not an invitation to trade and it does not guarantee or predict future performance. The investor is solely responsible for the risk of their decisions. The analysis and commentary presented do not include any consideration of your personal investment objectives, financial circumstances or needs.
Risk Warning: Our products are traded on margin and carry a high level of risk and it is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved.