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

Gulf Keystone Petroleum Limited (LON:GKP) announced a dividend on Thursday, March 20th, DividendData.Co.Uk reports. Stockholders 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 dividend yield of 4.37%. The ex-dividend date 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 accessed at this link.

Gulf Keystone Petroleum Price Performance

Shares of LON:GKP opened at GBX 196.46 ($2.54) on Tuesday. The firm’s 50 day simple moving average is GBX 184.19 and its two-hundred day simple moving average is GBX 153.29. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.97 and a quick ratio of 2.18. The company has a market capitalization of £534.09 million, a P/E ratio of -69.89, a P/E/G ratio of 0.06 and a beta of 1.22. Gulf Keystone Petroleum has a 1-year low of GBX 106.80 ($1.38) and a 1-year high of GBX 209.80 ($2.71).

Analyst Ratings Changes

Separately, Canaccord Genuity Group increased their price target on Gulf Keystone Petroleum from GBX 200 ($2.58) to GBX 225 ($2.91) and gave the company a “speculative buy” rating in a research note on Thursday, March 20th.

About Gulf Keystone Petroleum

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.