Gulf Keystone Petroleum (LON:GKP) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Gulf Keystone Petroleum Limited (LON:GKPGet Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 132.62 ($1.66) and traded as high as GBX 145.60 ($1.82). Gulf Keystone Petroleum shares last traded at GBX 145.60 ($1.82), with a volume of 269,451 shares traded.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a “speculative buy” rating and issued a GBX 190 ($2.38) target price on shares of Gulf Keystone Petroleum in a report on Tuesday, October 8th.

Read Our Latest Report on Gulf Keystone Petroleum

Gulf Keystone Petroleum Trading Up 2.1 %

The company has a fifty day simple moving average of GBX 138.06 and a 200-day simple moving average of GBX 132.62. The stock has a market cap of £315.69 million, a price-to-earnings ratio of -4,853.33, a P/E/G ratio of 0.06 and a beta of 1.22. The company has a current ratio of 0.97, a quick ratio of 2.18 and a debt-to-equity ratio of 0.03.

Gulf Keystone Petroleum Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 17th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, October 17th. This represents a dividend yield of 5.54%. This is a positive change from Gulf Keystone Petroleum’s previous dividend of $0.07. Gulf Keystone Petroleum’s payout ratio is currently -16,666.67%.

Gulf Keystone Petroleum Company Profile

(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.

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