Gulf Keystone Petroleum Limited (LON:GKP) declared a dividend on Wednesday, May 29th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, June 27th will be given a dividend of $0.07 per share by the oil production company on Friday, July 5th. This represents a dividend yield of 2.49%. The ex-dividend date of this dividend is Thursday, June 27th. The official announcement can be seen at this link.

Shares of Gulf Keystone Petroleum stock traded down GBX 2.50 ($0.03) during trading on Tuesday, reaching GBX 229.50 ($3.00). 442,896 shares of the company’s stock were exchanged, compared to its average volume of 300,254. The company has a current ratio of 4.41, a quick ratio of 4.23 and a debt-to-equity ratio of 17.69. Gulf Keystone Petroleum has a 1-year low of GBX 164.80 ($2.15) and a 1-year high of GBX 303.50 ($3.97). The stock has a market cap of $526.28 million and a P/E ratio of 6.77. The company has a 50-day simple moving average of GBX 229.54.

GKP has been the subject of a number of recent research reports. Peel Hunt reaffirmed a “buy” rating on shares of Gulf Keystone Petroleum in a report on Thursday, March 28th. Canaccord Genuity lowered their target price on Gulf Keystone Petroleum from GBX 340 ($4.44) to GBX 330 ($4.31) and set a “buy” rating for the company in a report on Tuesday, April 9th.

About Gulf Keystone Petroleum

Gulf Keystone Petroleum Limited engages in the exploration, evaluation, and production of oil and gas properties in the Kurdistan Region of Iraq, the Republic of Algeria, and the United Kingdom. The company's principal asset is Shaikan block that covers an area of 283 square kilometers located north-west of Erbil.

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