Gulf Keystone Petroleum Limited (LON:GKP) Increases Dividend to $0.12 Per Share

Gulf Keystone Petroleum Limited (LON:GKP) announced a dividend on Thursday, March 20th, DividendData.Co.Uk reports. Shareholders of record on Thursday, April 3rd will be given a dividend of $0.12 per share by the oil production company on Wednesday, April 23rd. This represents a yield of 4.37%. The ex-dividend date of this dividend is Thursday, April 3rd. This is a 25.0% increase from Gulf Keystone Petroleum’s previous dividend of $0.09. The official announcement can be viewed at this link.

Gulf Keystone Petroleum Trading Up 0.2 %

LON:GKP opened at GBX 203.80 ($2.64) on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.18 and a current ratio of 0.97. The firm has a market cap of £554.05 million, a price-to-earnings ratio of -72.50, a price-to-earnings-growth ratio of 0.06 and a beta of 1.22. Gulf Keystone Petroleum has a 52 week low of GBX 103.60 ($1.34) and a 52 week high of GBX 209.80 ($2.72). The firm has a 50-day moving average price of GBX 178.56 and a two-hundred day moving average price of GBX 148.64.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group raised their price target on shares of Gulf Keystone Petroleum from GBX 200 ($2.59) to GBX 225 ($2.92) and gave the stock a “speculative buy” rating in a research note on Thursday.

About Gulf Keystone Petroleum

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.