Canaccord Genuity Group Increases Gulf Keystone Petroleum (LON:GKP) Price Target to GBX 225

Gulf Keystone Petroleum (LON:GKP - Free Report) had its price objective hoisted by Canaccord Genuity Group from GBX 200 ($2.58) to GBX 225 ($2.91) in a report published on Thursday, MarketBeat.com reports. They currently have a speculative buy rating on the oil production company's stock.

Gulf Keystone Petroleum Stock Down 1.1 %

LON:GKP traded down GBX 2.20 ($0.03) on Thursday, hitting GBX 202.80 ($2.62). The stock had a trading volume of 557,141 shares, compared to its average volume of 1,001,722. Gulf Keystone Petroleum has a 1 year low of GBX 104.70 ($1.35) and a 1 year high of GBX 209.80 ($2.71). The firm's fifty day simple moving average is GBX 180.50 and its two-hundred day simple moving average is GBX 150.19. The stock has a market cap of £551.34 million, a P/E ratio of -72.15, a price-to-earnings-growth ratio of 0.06 and a beta of 1.22. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.18 and a current ratio of 0.97.

Gulf Keystone Petroleum Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 3rd will be given a $0.12 dividend. The ex-dividend date is Thursday, April 3rd. This represents a yield of 4.37%. This is a boost from Gulf Keystone Petroleum's previous dividend of $0.09. Gulf Keystone Petroleum's payout ratio is currently -177.88%.

Gulf Keystone Petroleum Company Profile

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.