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

Gulf Keystone Petroleum Limited (LON:GKP) announced a dividend on Wednesday, June 9th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, June 24th will be given a dividend of $0.12 per share by the oil production company on Friday, July 2nd. This represents a dividend yield of 4.71%. The ex-dividend date of this dividend is Thursday, June 24th. The official announcement can be viewed at this link.

GKP stock opened at GBX 178.80 ($2.34) on Wednesday. The stock’s 50-day moving average price is GBX 173.18. The company has a debt-to-equity ratio of 22.12, a quick ratio of 2.67 and a current ratio of 3.23. Gulf Keystone Petroleum has a 52-week low of GBX 67 ($0.88) and a 52-week high of GBX 199.40 ($2.61). The stock has a market cap of £380.61 million and a price-to-earnings ratio of -11.04.

Several equities research analysts have recently issued reports on the stock. Canaccord Genuity increased their target price on shares of Gulf Keystone Petroleum from GBX 235 ($3.07) to GBX 250 ($3.27) and gave the stock a “buy” rating in a research note on Wednesday, March 31st. Berenberg Bank lowered shares of Gulf Keystone Petroleum to a “hold” rating and increased their target price for the stock from GBX 180 ($2.35) to GBX 190 ($2.48) in a research note on Thursday, April 1st.

In related news, insider Jon Harris purchased 30,000 shares of Gulf Keystone Petroleum stock in a transaction that occurred on Tuesday, April 13th. The stock was purchased at an average price of GBX 171 ($2.23) per share, for a total transaction of £51,300 ($67,023.78).

Gulf Keystone Petroleum Company Profile

Gulf Keystone Petroleum Limited engages in the exploration, evaluation, and production of oil and gas properties in the Kurdistan Region of Iraq and the United Kingdom. The company operates Shaikan field that covers an area of 283 square kilometers, which is located north-west of Erbil. It also provides management, support, geological, geophysical, and engineering services.

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