Shares of Gulf Keystone Petroleum Limited (LON:GKP - Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 160.54 ($2.13) 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 Ratings Changes
Separately, Canaccord Genuity Group upped their price target 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.
View Our Latest Stock Report on GKP
Gulf Keystone Petroleum Trading Down 0.9%
The company has a debt-to-equity ratio of 0.03, a current ratio of 0.97 and a quick ratio of 2.18. The business has a 50 day moving average of GBX 168.85 and a 200 day moving average of GBX 161.34. The firm has a market capitalization of £418.12 million, a price-to-earnings ratio of -54.72, a PEG ratio of 0.06 and a beta of 1.22.
Gulf Keystone Petroleum Increases Dividend
The business also recently disclosed a dividend, which was paid on Wednesday, April 23rd. Investors of record on Thursday, April 3rd were issued a $0.12 dividend. This represents a yield of 4.37%. This is an increase from Gulf Keystone Petroleum's previous dividend of $0.09. The ex-dividend date of this dividend was Thursday, April 3rd. Gulf Keystone Petroleum's dividend payout ratio is presently -177.88%.
About Gulf Keystone Petroleum
(
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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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