Gulf Keystone Petroleum Limited (LON:GKP - Get Free Report)'s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 129.47 ($1.69) and traded as high as GBX 137.40 ($1.79). Gulf Keystone Petroleum shares last traded at GBX 135.20 ($1.76), with a volume of 1,110,942 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group reaffirmed a "speculative buy" rating and set a GBX 190 ($2.47) price target on shares of Gulf Keystone Petroleum in a research note on Tuesday, October 8th.
Read Our Latest Report on GKP
Gulf Keystone Petroleum Stock Down 0.6 %
The firm's fifty day simple moving average is GBX 124.01 and its 200-day simple moving average is GBX 129.57. The company has a market cap of £291.41 million, a PE ratio of -4,480.00, a P/E/G ratio of 0.06 and a beta of 1.22. The company has a quick ratio of 2.18, a current ratio of 0.97 and a debt-to-equity ratio of 0.03.
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 represents a yield of 5.54%. The ex-dividend date was Thursday, October 17th. This is a boost from Gulf Keystone Petroleum's previous dividend of $0.07. Gulf Keystone Petroleum's dividend payout ratio is -16,666.67%.
Gulf Keystone Petroleum Company Profile
(
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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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