Gulf Keystone Petroleum Limited (LON:GKP) to Issue Dividend of $0.15

Gulf Keystone Petroleum Limited (LON:GKP) declared a dividend on Tuesday, September 10th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, September 19th will be paid a dividend of $0.15 per share by the oil production company on Friday, October 4th. This represents a dividend yield of 4.94%. The ex-dividend date is Thursday, September 19th. This is a boost from Gulf Keystone Petroleum’s previous dividend of $0.07. The official announcement can be seen at this link.

Shares of GKP traded down GBX 3 ($0.04) on Wednesday, reaching GBX 235.50 ($3.08). The company’s stock had a trading volume of 727,368 shares, compared to its average volume of 300,254. The company has a current ratio of 4.41, a quick ratio of 4.23 and a debt-to-equity ratio of 17.69. Gulf Keystone Petroleum has a twelve month low of GBX 164.80 ($2.15) and a twelve month high of GBX 294 ($3.84). The stock has a market capitalization of $531.09 million and a PE ratio of 6.95. The firm has a fifty day moving average of GBX 234.54 and a 200-day moving average of GBX 235.64.

Several equities analysts recently weighed in on GKP shares. Canaccord Genuity dropped their price target on shares of Gulf Keystone Petroleum from GBX 345 ($4.51) to GBX 335 ($4.38) and set a “buy” rating on the stock in a research report on Wednesday. Peel Hunt boosted their price objective on Gulf Keystone Petroleum from GBX 390 ($5.10) to GBX 392 ($5.12) and gave the stock a “buy” rating in a report on Monday, September 2nd. Finally, Peel Hunt reissued a “buy” rating on shares of Gulf Keystone Petroleum in a research note on Monday.

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, 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.

See Also: Why is Cost of Capital Important?

Receive News & Ratings for Gulf Keystone Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gulf Keystone Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.