Canaccord Genuity Group Reiterates “Speculative Buy” Rating for Gulf Keystone Petroleum (LON:GKP)

Canaccord Genuity Group restated their speculative buy rating on shares of Gulf Keystone Petroleum (LON:GKPGet Rating) in a research report released on Tuesday, reports. Canaccord Genuity Group currently has a GBX 210 ($2.61) price target on the oil production company’s stock.

Gulf Keystone Petroleum Price Performance

Shares of Gulf Keystone Petroleum stock opened at GBX 131.80 ($1.64) on Tuesday. Gulf Keystone Petroleum has a one year low of GBX 121.60 ($1.51) and a one year high of GBX 321 ($3.99). The stock’s fifty day moving average is GBX 152.31 and its 200 day moving average is GBX 184.43. The stock has a market cap of £285.02 million, a P/E ratio of 153.26, a P/E/G ratio of 0.06 and a beta of 1.37. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.18 and a current ratio of 2.35.

Gulf Keystone Petroleum Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, July 21st. Investors of record on Thursday, July 6th will be issued a $0.12 dividend. This represents a yield of 5.39%. The ex-dividend date of this dividend is Thursday, July 6th. Gulf Keystone Petroleum’s dividend payout ratio is 4,534.88%.

Gulf Keystone Petroleum Company Profile

(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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