Gulf Keystone Petroleum (LON:GKP) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Gulf Keystone Petroleum Limited (LON:GKP)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 132.48 ($1.66) and traded as high as GBX 140 ($1.76). Gulf Keystone Petroleum shares last traded at GBX 137 ($1.72), with a volume of 415,146 shares changing hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a “speculative buy” rating and set a GBX 190 ($2.38) target price on shares of Gulf Keystone Petroleum in a research report on Tuesday, October 8th.

Gulf Keystone Petroleum Stock Up 0.1 %

The firm has a market cap of £297.04 million, a price-to-earnings ratio of -4,566.67, a PEG ratio of 0.06 and a beta of 1.22. The company has a quick ratio of 2.18, a current ratio of 0.97 and a debt-to-equity ratio of 0.03. The firm has a fifty day moving average price of GBX 136.50 and a 200-day moving average price of GBX 132.48.

Gulf Keystone Petroleum Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, October 31st. Shareholders of record on Thursday, October 17th were issued a $0.09 dividend. This is a boost from Gulf Keystone Petroleum’s previous dividend of $0.07. The ex-dividend date was Thursday, October 17th. This represents a yield of 5.54%. Gulf Keystone Petroleum’s payout ratio is -16,666.67%.

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.