Brokers bullish on Gulf Keystone Petroleum shares

The Gulf Keystone Petroleum (LON:GKP) share price has risen by 3.39% over the past month and it’s currently trading at 274.5p. For investors considering whether to buy, hold or sell the stock, the question now is whether this price run will continue.

According to the company’s analysts, there are certainly reasons to think it will continue to perform well in the year ahead. In terms of trading recommendations, Gulf Keystone Petroleum currently has:

• 3 Buy recommendations

• 1 Hold recommendations

• 0 Sell recommendations

This suggests that analysts are generally positive about the outlook.

GET MORE DATA-DRIVEN INSIGHTS INTO LON:GKP »

Researching beyond analyst forecasts

At its current price of 274.5p, shares in Gulf Keystone Petroleum are trading at a discount of -14.5% to its 52 week high price. The 1-year performance of the shares has been 47.6%.

While analyst forecasts can be a useful guide to what City 'experts' think about a stock's near term future, they can be unreliable. To get a better idea about the strengths and weaknesses of Gulf Keystone Petroleum it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with Gulf Keystone Petroleum that you can find out about here.