Gulf Keystone Petroleum (LON:GKP) Share Price Passes Below 200 Day Moving Average of $232.91

Gulf Keystone Petroleum Limited (LON:GKP)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $232.91 and traded as low as $201.50. Gulf Keystone Petroleum shares last traded at $204.00, with a volume of 321,365 shares changing hands.

GKP has been the subject of several research reports. Peel Hunt raised their price objective on shares of Gulf Keystone Petroleum from GBX 390 ($5.10) to GBX 392 ($5.12) and gave the company a “buy” rating in a research report on Monday, September 2nd. Canaccord Genuity lowered their target price on shares of Gulf Keystone Petroleum from GBX 335 ($4.38) to GBX 315 ($4.12) and set a “buy” rating on the stock in a report on Tuesday, October 15th. Finally, Peel Hunt lowered their target price on shares of Gulf Keystone Petroleum from GBX 391 ($5.11) to GBX 381 ($4.98) and set a “buy” rating on the stock in a report on Thursday, October 10th.

The company has a market cap of $467.88 million and a price-to-earnings ratio of 6.60. The company has a current ratio of 3.17, a quick ratio of 3.00 and a debt-to-equity ratio of 18.61. The firm’s 50-day moving average price is GBX 223.63 and its 200 day moving average price is GBX 232.44.

The company also recently announced a dividend, which was paid on Friday, October 4th. Investors of record on Thursday, September 19th were issued a $0.15 dividend. This is a boost from Gulf Keystone Petroleum’s previous dividend of $0.07. This represents a dividend yield of 4.94%. The ex-dividend date of this dividend was Thursday, September 19th. Gulf Keystone Petroleum’s dividend payout ratio (DPR) is currently 0.72%.

Gulf Keystone Petroleum Company Profile (LON:GKP)

Gulf Keystone Petroleum Limited engages in the exploration, evaluation, and production of oil and gas properties in the Kurdistan Region of Iraq, the Republic of Algeria, and the United Kingdom. The company's principal asset is Shaikan block that covers an area of 283 square kilometers located north-west of Erbil.

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