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

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

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated 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 Stock Down 1.8 %

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

Gulf Keystone Petroleum Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, July 19th. Shareholders of record on Thursday, July 4th were given a $0.07 dividend. This represents a yield of 3.8%. The ex-dividend date was Thursday, July 4th. Gulf Keystone Petroleum’s dividend payout ratio (DPR) is presently -16,666.67%.

About Gulf Keystone Petroleum

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.