Gulf Keystone Petroleum (LON:GKP) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Shares of Gulf Keystone Petroleum Limited (LON:GKP) 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 ($1.64) and traded as high as GBX 145.60 ($1.80). Gulf Keystone Petroleum shares last traded at GBX 145.60 ($1.80), with a volume of 269,451 shares traded.

Wall Street Analysts Forecast Growth

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

Gulf Keystone Petroleum Trading Up 5.0 %

The company has a current ratio of 0.97, a quick ratio of 2.18 and a debt-to-equity ratio of 0.03. The stock has a market cap of £349.08 million, a price-to-earnings ratio of -5,366.67, a P/E/G ratio of 0.06 and a beta of 1.22. The company has a fifty day simple moving average of GBX 138.57 and a 200-day simple moving average of GBX 132.76.

Gulf Keystone Petroleum Increases Dividend

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

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.