Gulf Keystone Petroleum Limited (LON:GKP) to Issue Dividend Increase - $0.12 Per Share

Gulf Keystone Petroleum Limited (LON:GKP - Get Free Report) announced a dividend on Thursday, March 20th, DividendData.Co.Uk reports. Stockholders of record on Thursday, April 3rd will be given a dividend of $0.12 per share by the oil production company on Wednesday, April 23rd. This represents a dividend yield of 4.37%. The ex-dividend date is Thursday, April 3rd. This is a 25.0% increase from Gulf Keystone Petroleum's previous dividend of $0.09. The official announcement can be accessed at this link.

Gulf Keystone Petroleum Stock Up 1.4 %

GKP traded up GBX 2.80 ($0.04) during trading on Tuesday, hitting GBX 205.60 ($2.66). The company had a trading volume of 10,398,223 shares, compared to its average volume of 1,160,984. Gulf Keystone Petroleum has a 1-year low of GBX 104.70 ($1.36) and a 1-year high of GBX 209.80 ($2.72). 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 company has a market cap of £558.95 million, a PE ratio of -73.14, a P/E/G ratio of 0.06 and a beta of 1.22. The business has a 50-day moving average of GBX 180.50 and a 200-day moving average of GBX 150.19.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group upped their target price on shares of Gulf Keystone Petroleum from GBX 200 ($2.59) to GBX 225 ($2.91) and gave the company a "speculative buy" rating in a research note on Thursday, March 20th.

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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.