Gulf Keystone Petroleum (LON:GKP) Price Target Raised to GBX 225

Gulf Keystone Petroleum (LON:GKP) had its price objective increased by Canaccord Genuity Group from GBX 200 ($2.58) to GBX 225 ($2.91) in a report published on Thursday morning, Marketbeat.com reports. Canaccord Genuity Group currently has a speculative buy rating on the oil production company’s stock.

Gulf Keystone Petroleum Trading Up 0.8 %

Shares of Gulf Keystone Petroleum stock opened at GBX 205 ($2.65) on Thursday. The stock has a market capitalization of £557.32 million, a PE ratio of -72.93, a P/E/G ratio of 0.06 and a beta of 1.22. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.97 and a quick ratio of 2.18. Gulf Keystone Petroleum has a 1-year low of GBX 103.60 ($1.34) and a 1-year high of GBX 209.80 ($2.71). The company’s fifty day simple moving average is GBX 179.59 and its 200-day simple moving average is GBX 149.37.

Gulf Keystone Petroleum Increases Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 3rd will be given a $0.12 dividend. This represents a yield of 4.37%. This is a boost from Gulf Keystone Petroleum’s previous dividend of $0.09. The ex-dividend date of this dividend is Thursday, April 3rd. Gulf Keystone Petroleum’s payout ratio is -177.88%.

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.