Gulf Keystone Petroleum (LON:GKP) Stock Price Down 2.6% - What's Next?

Gulf Keystone Petroleum Limited (LON:GKP - Get Free Report)'s stock price traded down 2.6% on Friday . The company traded as low as GBX 137.10 ($1.75) and last traded at GBX 139.10 ($1.77). 691,766 shares traded hands during trading, a decline of 32% from the average session volume of 1,021,636 shares. The stock had previously closed at GBX 142.80 ($1.82).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a "speculative buy" rating and issued a GBX 190 ($2.42) target price on shares of Gulf Keystone Petroleum in a report on Tuesday, October 8th.

Gulf Keystone Petroleum Stock Performance

The business's fifty day moving average is GBX 134.24 and its two-hundred day moving average is GBX 132.59. The stock has a market capitalization of £301.60 million, a PE ratio of -4,636.67, 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.

Gulf Keystone Petroleum Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th were issued a $0.09 dividend. The ex-dividend date was Thursday, October 17th. This is an increase from Gulf Keystone Petroleum's previous dividend of $0.07. This represents a dividend yield of 5.54%. Gulf Keystone Petroleum's payout ratio is -16,666.67%.

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.