Gulf Keystone Petroleum (LON:GKP) Stock Price Crosses Below 200 Day Moving Average of $123.76

Gulf Keystone Petroleum Limited (LON:GKP) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 123.76 ($1.63) and traded as low as GBX 117.20 ($1.54). Gulf Keystone Petroleum shares last traded at GBX 118.60 ($1.56), with a volume of 762,807 shares traded.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a “speculative buy” rating and issued a GBX 175 ($2.30) price target on shares of Gulf Keystone Petroleum in a research report on Monday, May 13th.

Gulf Keystone Petroleum Trading Down 1.8 %

The stock has a market capitalization of £248.69 million, a P/E ratio of -3,823.33, a price-to-earnings-growth ratio of 0.06 and a beta of 1.21. The company has a current ratio of 0.97, a quick ratio of 2.18 and a debt-to-equity ratio of 0.03. The company has a 50-day moving average price of GBX 131.62 and a 200 day moving average price of GBX 123.83.

Gulf Keystone Petroleum Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, July 19th. Investors of record on Thursday, July 4th were given a dividend of $0.07 per share. This represents a yield of 3.8%. The ex-dividend date of this dividend was Thursday, July 4th. Gulf Keystone Petroleum’s dividend payout ratio is currently -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.