Gulf Keystone Petroleum (LON:GKP) Reaches New 52-Week High – Should You Buy?

Posted by Matthew Tipps on Mar 25th, 2025

Gulf Keystone Petroleum Limited (LON:GKP – Get Free Report)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 209.80 ($2.71) and last traded at GBX 209.40 ($2.71), with a volume of 492668 shares. The stock had previously closed at GBX 202.80 ($2.62).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group lifted their price objective on Gulf Keystone Petroleum from GBX 200 ($2.58) to GBX 225 ($2.91) and gave the company a “speculative buy” rating in a research report on Thursday, March 20th.

Check Out Our Latest Stock Report on Gulf Keystone Petroleum

Gulf Keystone Petroleum Price Performance

The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.18 and a current ratio of 0.97. The firm has a fifty day simple moving average of GBX 180.50 and a two-hundred day simple moving average of GBX 150.19. The firm has a market cap of £569.28 million, a PE ratio of -74.50, a PEG ratio of 0.06 and a beta of 1.22.

Gulf Keystone Petroleum Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 3rd will be given a dividend of $0.12 per share. This represents a dividend yield of 4.37%. This is a boost from Gulf Keystone Petroleum’s previous dividend of $0.09. The ex-dividend date is Thursday, April 3rd. Gulf Keystone Petroleum’s dividend payout ratio is currently -177.88%.

Gulf Keystone Petroleum Company Profile

(Get Free Report)

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.