Gulf Keystone Petroleum Limited (LON:GKP) Announces Dividend of $0.12

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 of this dividend 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 0.8 %

Gulf Keystone Petroleum stock opened at GBX 205 ($2.65) on Friday. 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 firm’s 50 day moving average price is GBX 179.59 and its two-hundred day moving average price is GBX 149.17. The firm has a market cap of £557.32 million, a price-to-earnings ratio of -72.93, a price-to-earnings-growth ratio of 0.06 and a beta of 1.22. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.18 and a current ratio of 0.97.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group boosted their target price on Gulf Keystone Petroleum from GBX 200 ($2.58) to GBX 225 ($2.91) and gave the stock a “speculative buy” rating in a research report on Thursday.

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.