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

Gulf Keystone Petroleum Limited (LON:GKP) declared a dividend on Thursday, March 20th, DividendData.Co.Uk reports. Stockholders 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 dividend yield of 4.37%. The ex-dividend date 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 seen at this link.

Gulf Keystone Petroleum Trading Up 0.2 %

LON GKP opened at GBX 203.80 ($2.64) on Friday. Gulf Keystone Petroleum has a one year low of GBX 103.60 ($1.34) and a one year high of GBX 209.80 ($2.72). The company has a 50-day simple moving average of GBX 178.56 and a 200-day simple moving average of GBX 148.64. 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 capitalization of £554.05 million, a PE ratio of -72.50, a price-to-earnings-growth ratio of 0.06 and a beta of 1.22.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group lifted their price objective on shares of Gulf Keystone Petroleum from GBX 200 ($2.59) to GBX 225 ($2.92) and gave the company a “speculative buy” rating in a research report 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.