Gulf Keystone Petroleum (LON:GKP) Share Price Passes Above 200 Day Moving Average – What’s Next?

Shares of Gulf Keystone Petroleum Limited (LON:GKP) passed above its 200-day moving average during trading on Thursday . The stock has a 200-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.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 190 ($2.47) price target on shares of Gulf Keystone Petroleum in a report on Tuesday, October 8th.

Gulf Keystone Petroleum Trading Up 0.7 %

The company has a debt-to-equity ratio of 0.03, a current ratio of 0.97 and a quick ratio of 2.18. The firm has a market cap of £295.09 million, a price-to-earnings ratio of -4,506.67, a price-to-earnings-growth ratio of 0.06 and a beta of 1.22. The firm’s fifty day moving average is GBX 123.84 and its 200-day moving average is GBX 129.47.

Gulf Keystone Petroleum Increases Dividend

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