Gulf Keystone Petroleum Limited (LON:GKP - Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 160.54 ($2.14) and traded as low as GBX 155.50 ($2.07). Gulf Keystone Petroleum shares last traded at GBX 157.40 ($2.09), with a volume of 546,802 shares.
Analyst Upgrades and Downgrades
Separately, Canaccord Genuity Group lifted their target price on Gulf Keystone Petroleum from GBX 200 ($2.66) to GBX 225 ($2.99) and gave the stock a "speculative buy" rating in a research note on Thursday, March 20th.
Get Our Latest Research Report on GKP
Gulf Keystone Petroleum Price Performance
The company has a current ratio of 0.97, a quick ratio of 2.18 and a debt-to-equity ratio of 0.03. The company has a 50 day moving average price of GBX 170.57 and a 200 day moving average price of GBX 160.54. The company has a market capitalization of £427.37 million, a P/E ratio of -55.93, a P/E/G ratio of 0.06 and a beta of 1.22.
Gulf Keystone Petroleum Increases Dividend
The firm also recently announced a dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 3rd were paid a dividend of $0.12 per share. This is an increase from Gulf Keystone Petroleum's previous dividend of $0.09. This represents a dividend yield of 4.37%. The ex-dividend date of this dividend was Thursday, April 3rd. Gulf Keystone Petroleum's payout ratio is currently -177.88%.
Gulf Keystone Petroleum Company Profile
(
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Gulf Keystone Petroleum Limited engages in oil and gas exploration, development, and production in the Kurdistan Region of Iraq. The company operates Shaikan field that covers an area of approximately 280 square kilometers, which is located north-west of Erbil. It also provides management, support, geological, geophysical, and engineering services.
Further Reading
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