Gulf Keystone Petroleum Limited (LON:GKP - Get Free Report) hit a new 52-week high on Friday . The company traded as high as GBX 161.20 ($2.00) and last traded at GBX 161 ($2.00), with a volume of 1346348 shares traded. The stock had previously closed at GBX 153.30 ($1.90).
Analyst Upgrades and Downgrades
Separately, Canaccord Genuity Group reissued a "speculative buy" rating and issued a GBX 190 ($2.36) price target on shares of Gulf Keystone Petroleum in a report on Tuesday, October 8th.
View Our Latest Stock Analysis on GKP
Gulf Keystone Petroleum Stock Performance
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 £349.08 million, a price-to-earnings ratio of -5,366.67, a price-to-earnings-growth ratio of 0.06 and a beta of 1.22. The stock has a 50-day moving average price of GBX 139.20 and a 200 day moving average price of GBX 132.94.
Gulf Keystone Petroleum Increases Dividend
The business also recently announced a dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th were issued a dividend of $0.09 per share. This is an increase from Gulf Keystone Petroleum's previous dividend of $0.07. This represents a yield of 5.54%. The ex-dividend date was Thursday, October 17th. Gulf Keystone Petroleum's dividend payout ratio (DPR) is -16,666.67%.
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.
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