Gulf Keystone Petroleum Limited (LON:GKP - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 128.74 ($1.67) and traded as high as GBX 131.60 ($1.71). Gulf Keystone Petroleum shares last traded at GBX 128.70 ($1.67), with a volume of 780,512 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Canaccord Genuity Group reaffirmed a "speculative buy" rating and issued a GBX 190 ($2.46) target price on shares of Gulf Keystone Petroleum in a report on Tuesday, October 8th.
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Gulf Keystone Petroleum Price 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 capitalization of £280.35 million, a P/E ratio of -4,313.33, a P/E/G ratio of 0.06 and a beta of 1.22. The company has a 50 day moving average price of GBX 123.27 and a 200 day moving average price of GBX 128.74.
Gulf Keystone Petroleum Increases Dividend
The business also recently disclosed a dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th will be issued a $0.09 dividend. This is an increase from Gulf Keystone Petroleum's previous dividend of $0.07. This represents a dividend yield of 5.54%. The ex-dividend date of this dividend is Thursday, October 17th. Gulf Keystone Petroleum's payout ratio is currently -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.
Further Reading
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