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Gulf Keystone Petroleum (LON:GKP) Shares Pass Above Two Hundred Day Moving Average - Should You Sell?

Gulf Keystone Petroleum logo with Energy background

Gulf Keystone Petroleum Limited (LON:GKP - Get Free Report)'s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 153.29 ($1.98) and traded as high as GBX 197.81 ($2.55). Gulf Keystone Petroleum shares last traded at GBX 193 ($2.49), with a volume of 308,050 shares traded.

Analyst Ratings Changes

Separately, Canaccord Genuity Group lifted their target price on shares of Gulf Keystone Petroleum from GBX 200 ($2.58) to GBX 225 ($2.90) and gave the company a "speculative buy" rating in a report on Thursday, March 20th.

View Our Latest Analysis on GKP

Gulf Keystone Petroleum Trading Down 9.2 %

The firm has a market cap of £425.19 million, a price-to-earnings ratio of -55.64, a price-to-earnings-growth 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. The business has a 50 day moving average price of GBX 185.67 and a 200-day moving average price of GBX 154.99.

Gulf Keystone Petroleum Increases Dividend

The company 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. This is an increase from Gulf Keystone Petroleum's previous dividend of $0.09. The ex-dividend date is Thursday, April 3rd. This represents a yield of 4.37%. Gulf Keystone Petroleum's dividend payout ratio (DPR) is -177.88%.

About Gulf Keystone Petroleum

(Get Free Report)

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.

Further Reading

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