Gulf Keystone Petroleum Limited (LON:GKP) Declares Dividend Increase – $0.12 Per Share

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 given 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 seen at this link.

Gulf Keystone Petroleum Price Performance

Gulf Keystone Petroleum stock opened at GBX 203.80 ($2.64) on Friday. The firm has a market capitalization of £554.05 million, a P/E ratio of -72.50, a PEG ratio of 0.06 and a beta of 1.22. The firm has a fifty day moving average of GBX 178.56 and a 200-day moving average of GBX 148.64. The company has a quick ratio of 2.18, a current ratio of 0.97 and a debt-to-equity ratio of 0.03. Gulf Keystone Petroleum has a 52-week low of GBX 103.60 ($1.34) and a 52-week high of GBX 209.80 ($2.72).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group upped their target price on shares of Gulf Keystone Petroleum from GBX 200 ($2.59) to GBX 225 ($2.92) and gave the company a “speculative buy” rating in a research note 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.