Gulf Keystone Petroleum’s (GKP) “Speculative Buy” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reissued their speculative buy rating on shares of Gulf Keystone Petroleum (LON:GKP – Get Rating) in a research note issued to investors on Tuesday, Marketbeat.com 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

GKP stock opened at GBX 129.30 ($1.61) on Tuesday. 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 has a 52 week low of GBX 121.60 ($1.51) and a 52 week high of GBX 321 ($3.99). The firm’s fifty day moving average is GBX 150.74 and its 200 day moving average is GBX 183.69. The firm has a market cap of £279.61 million, a P/E ratio of 150.35, a P/E/G ratio of 0.06 and a beta of 1.37.

Gulf Keystone Petroleum Dividend Announcement

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

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.