Gulf Keystone Petroleum (LON:GKP) Sets New 12-Month High - Here's What Happened

Gulf Keystone Petroleum Limited (LON:GKP - Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 199.50 ($2.59) and last traded at GBX 197.38 ($2.56), with a volume of 44086 shares. The stock had previously closed at GBX 196.50 ($2.55).

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 ($2.92) and gave the company a "speculative buy" rating in a report on Thursday.

Gulf Keystone Petroleum Stock 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 market cap of £557.32 million, a PE ratio of -72.93, a PEG ratio of 0.06 and a beta of 1.22. The business's 50 day moving average is GBX 178.56 and its two-hundred day moving average is GBX 148.64.

Gulf Keystone Petroleum Increases Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 3rd will be issued a dividend of $0.12 per share. This is a positive change from Gulf Keystone Petroleum's previous dividend of $0.09. This represents a yield of 4.37%. The ex-dividend date of this dividend is Thursday, April 3rd. Gulf Keystone Petroleum's dividend payout ratio (DPR) is -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.