Gulf Keystone Petroleum (LON:GKP) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Gulf Keystone Petroleum Limited (LON:GKP)’s share 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.

Analyst Ratings Changes

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

Gulf Keystone Petroleum Price Performance

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’s fifty day moving average price is GBX 136.65 and its two-hundred day moving average price is GBX 132.48. The stock has a market capitalization of £297.04 million, a PE ratio of -4,566.67, a PEG ratio of 0.06 and a beta of 1.22.

Gulf Keystone Petroleum Increases Dividend

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