Gulf Keystone Petroleum (LON:GKP) Stock Price Passes Below 200 Day Moving Average of $241.17

Gulf Keystone Petroleum Limited (LON:GKPGet Rating)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 241.17 ($2.96) and traded as low as GBX 230 ($2.82). Gulf Keystone Petroleum shares last traded at GBX 230 ($2.82), with a volume of 1,352,897 shares traded.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank downgraded shares of Gulf Keystone Petroleum to a “hold” rating and set a GBX 300 ($3.68) target price for the company. in a research report on Friday, June 10th.

Gulf Keystone Petroleum Trading Down 2.7 %

The firm has a market capitalization of £497.37 million and a PE ratio of 383.33. The firm’s fifty day moving average is GBX 258.73 and its two-hundred day moving average is GBX 241.17. The company has a debt-to-equity ratio of 19.23, a current ratio of 3.59 and a quick ratio of 3.52.

Gulf Keystone Petroleum Increases Dividend

The company also recently declared a dividend, which was paid on Friday, July 29th. Investors of record on Thursday, July 14th were issued a dividend of $0.23 per share. The ex-dividend date was Thursday, July 14th. This is a boost from Gulf Keystone Petroleum’s previous dividend of $0.12. This represents a yield of 6.92%. Gulf Keystone Petroleum’s payout ratio is 57.57%.

About Gulf Keystone Petroleum

(Get Rating)

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 280 square kilometers, which is located north-west of Erbil. It also provides management, support, geological, geophysical, and engineering services.

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