Gulf Keystone Petroleum (LON:GKP) Reaches New 1-Year High – Time to Buy?

Posted by Casey Walker on Jan 3rd, 2025

Shares of Gulf Keystone Petroleum Limited (LON:GKP – Get Free Report) hit a new 52-week high during trading on Friday . The stock traded as high as GBX 161.20 ($2.00) and last traded at GBX 161 ($1.99), with a volume of 1346348 shares changing hands. The stock had previously closed at GBX 153.30 ($1.90).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 190 ($2.35) price target on shares of Gulf Keystone Petroleum in a report on Tuesday, October 8th.

Check Out Our Latest Stock Analysis on Gulf Keystone Petroleum

Gulf Keystone Petroleum Price Performance

The firm has a market cap of £349.08 million, a P/E ratio of -5,366.67, a P/E/G ratio of 0.06 and a beta of 1.22. The company has a quick ratio of 2.18, a current ratio of 0.97 and a debt-to-equity ratio of 0.03. The business’s 50 day moving average is GBX 138.57 and its two-hundred day moving average is GBX 132.76.

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 given a $0.09 dividend. The ex-dividend date was Thursday, October 17th. This is a positive change from Gulf Keystone Petroleum’s previous dividend of $0.07. This represents a dividend yield of 5.54%. Gulf Keystone Petroleum’s dividend payout ratio (DPR) is -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.