Gulf Keystone Petroleum (LON:GKP) Stock Price Crosses 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 Monday . The stock has a two hundred day moving average of GBX 132.56 ($1.68) and traded as high as GBX 140 ($1.78). Gulf Keystone Petroleum shares last traded at GBX 137 ($1.74), with a volume of 429,891 shares traded.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 190 ($2.41) price objective on shares of Gulf Keystone Petroleum in a report on Tuesday, October 8th.

Gulf Keystone Petroleum Stock Down 2.3 %

The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.18 and a current ratio of 0.97. The company has a market cap of £297.04 million, a P/E ratio of -4,566.67, a P/E/G ratio of 0.06 and a beta of 1.22. The stock has a 50 day moving average price of GBX 136.43 and a 200 day moving average price of GBX 132.56.

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 given a $0.09 dividend. The ex-dividend date of this dividend was Thursday, October 17th. This is a boost from Gulf Keystone Petroleum’s previous dividend of $0.07. This represents a yield of 5.54%. Gulf Keystone Petroleum’s payout ratio is -16,666.67%.

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.