Gulf Keystone Petroleum Limited (GKP) to Issue Dividend of $0.12 on April 23rd

Gulf Keystone Petroleum Limited (LON:GKP) declared a dividend on Thursday, March 20th, DividendData.Co.Uk reports. Shareholders of record on Thursday, April 3rd will be paid a dividend of $0.12 per share by the oil production company on Wednesday, April 23rd. This represents a 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 %

LON:GKP opened at GBX 205 ($2.65) on Friday. The firm has a market capitalization of £557.32 million, a P/E ratio of -72.93, a P/E/G ratio of 0.06 and a beta of 1.22. The business has a 50 day simple moving average of GBX 179.59 and a 200 day simple moving average of GBX 149.17. 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 12-month low of GBX 103.60 ($1.34) and a 12-month high of GBX 209.80 ($2.71).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group lifted their price objective on shares of Gulf Keystone Petroleum from GBX 200 ($2.58) to GBX 225 ($2.91) and gave the company 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.