Gulf Keystone Petroleum (LON:GKP) Price Target Raised to GBX 225 at Canaccord Genuity Group

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

Gulf Keystone Petroleum Trading Up 0.8 %

LON:GKP opened at GBX 205 ($2.65) on Thursday. Gulf Keystone Petroleum has a one year low of GBX 103.60 ($1.34) and a one year high of GBX 209.80 ($2.71). The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.18 and a current ratio of 0.97. The firm has a market cap 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 firm has a 50-day simple moving average of GBX 179.59 and a 200-day simple moving average of GBX 149.37.

Gulf Keystone Petroleum Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 3rd will be paid a dividend of $0.12 per share. This represents a dividend yield of 4.37%. The ex-dividend date of this dividend is Thursday, April 3rd. This is a positive change from Gulf Keystone Petroleum’s previous dividend of $0.09. 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.