Gulf Keystone Petroleum (GKP) Stock Overview
Explores, evaluates, develops, and produces oil and gas in the Kurdistan Region of Iraq. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 5/6 |
| Past Performance | 4/6 |
| Financial Health | 6/6 |
| Dividends | 2/6 |
Rewards
Risk Analysis
GKP Community Fair Values
Create NarrativeSee what 39 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Gulf Keystone Petroleum Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | UK£1.82 |
| 52 Week High | UK£2.35 |
| 52 Week Low | UK£1.49 |
| Beta | 0.10 |
| 1 Month Change | -4.21% |
| 3 Month Change | -18.93% |
| 1 Year Change | 13.75% |
| 3 Year Change | 48.21% |
| 5 Year Change | -4.21% |
| Change since IPO | -96.75% |
Recent News & Updates
Narrative Update • Jun 17
GKP: Rising Dividend Outlook Will Support Bullish Share Price Reassessment
Analysts have raised their price target on Gulf Keystone Petroleum, citing updated assumptions that include a fair value estimate of £2.55, a discount rate of 6.94%, revenue growth of 18.18%, a profit margin of 33.75% and a future P/E of 8.35x. What’s in the News for Gulf Keystone Petroleum Gulf Keystone Petroleum declared a US$12.5 million interim dividend in connection with its 2025 full year results, equal to US$0.0575 per common share.
Narrative Update • Jun 03
GKP: Fair Value View Will Weigh Dividend Payout Against Profitability Risks
Analysts have reset their view on Gulf Keystone Petroleum with a revised price target, reflecting updated assumptions around revenue growth, profit margins and a much higher future P/E. Together, these factors reshape expectations for the stock’s longer term risk and reward profile in £ terms.
Narrative Update • May 19
GKP: Interim Dividend And Stable Outlook Will Support Future Rerating
Analysts have kept their fair value estimate for Gulf Keystone Petroleum steady at £2.81 per share, citing only small model tweaks to the discount rate, revenue growth and future P/E assumptions rather than a change in their core view of the stock. What's in the News Declared a US$12.5 million interim dividend tied to its 2025 full year results, equal to US$0.0575 per common share, approved on 18 March 2026 with payment scheduled for 27 April 2026 (company announcement).Narrative Update • May 02
GKP: Fair Value View Will Highlight Security Risks And Dividend Continuity
Analysts have adjusted their price target for Gulf Keystone Petroleum to £1.82, reflecting updated assumptions for slightly higher revenue growth, a marginally stronger profit margin, and a modestly lower future P/E multiple. What's in the News Declared a US$12.5 million interim dividend in connection with 2025 full year results, set at US$0.0575 per common share, with approval on 18 March 2026 and payment scheduled for 27 April 2026 (company announcement).Narrative Update • Apr 18
GKP: Fair Value View Will Emphasise Stable Output And Dividend Outlook
Analysts have nudged their price target for Gulf Keystone Petroleum higher to £1.82 from £1.77, reflecting updated assumptions around more measured revenue growth at 6.96%, a broadly steady profit margin outlook, and only a slight change in expected future P/E. What's in the News Company declared a $12.5 million interim dividend linked to its 2025 full year results, equal to $0.0575 per common share, with approval on 18 March 2026 and payment scheduled for 27 April 2026 (company announcement).Recent updates
Narrative Update • Jun 17
GKP: Rising Dividend Outlook Will Support Bullish Share Price Reassessment
Analysts have raised their price target on Gulf Keystone Petroleum, citing updated assumptions that include a fair value estimate of £2.55, a discount rate of 6.94%, revenue growth of 18.18%, a profit margin of 33.75% and a future P/E of 8.35x. What’s in the News for Gulf Keystone Petroleum Gulf Keystone Petroleum declared a US$12.5 million interim dividend in connection with its 2025 full year results, equal to US$0.0575 per common share.Narrative Update • Jun 03
GKP: Fair Value View Will Weigh Dividend Payout Against Profitability Risks
Analysts have reset their view on Gulf Keystone Petroleum with a revised price target, reflecting updated assumptions around revenue growth, profit margins and a much higher future P/E. Together, these factors reshape expectations for the stock’s longer term risk and reward profile in £ terms.Narrative Update • May 19
GKP: Interim Dividend And Stable Outlook Will Support Future Rerating
Analysts have kept their fair value estimate for Gulf Keystone Petroleum steady at £2.81 per share, citing only small model tweaks to the discount rate, revenue growth and future P/E assumptions rather than a change in their core view of the stock. What's in the News Declared a US$12.5 million interim dividend tied to its 2025 full year results, equal to US$0.0575 per common share, approved on 18 March 2026 with payment scheduled for 27 April 2026 (company announcement).Narrative Update • May 02
GKP: Fair Value View Will Highlight Security Risks And Dividend Continuity
Analysts have adjusted their price target for Gulf Keystone Petroleum to £1.82, reflecting updated assumptions for slightly higher revenue growth, a marginally stronger profit margin, and a modestly lower future P/E multiple. What's in the News Declared a US$12.5 million interim dividend in connection with 2025 full year results, set at US$0.0575 per common share, with approval on 18 March 2026 and payment scheduled for 27 April 2026 (company announcement).Narrative Update • Apr 18
GKP: Fair Value View Will Emphasise Stable Output And Dividend Outlook
Analysts have nudged their price target for Gulf Keystone Petroleum higher to £1.82 from £1.77, reflecting updated assumptions around more measured revenue growth at 6.96%, a broadly steady profit margin outlook, and only a slight change in expected future P/E. What's in the News Company declared a $12.5 million interim dividend linked to its 2025 full year results, equal to $0.0575 per common share, with approval on 18 March 2026 and payment scheduled for 27 April 2026 (company announcement).Narrative Update • Apr 03
GKP: Higher Production Guidance And Dividend Stream Will Support Future Rerating
Analysts have nudged their price target for Gulf Keystone Petroleum slightly higher to £2.81 from £2.79, reflecting updated assumptions on revenue growth, profit margins and a modestly lower future P/E multiple in their models. What's in the News Gulf Keystone Petroleum declared a $12.5 million interim dividend in connection with its 2025 full year results, equal to $0.0575 per common share, with approval on 18 March 2026 and payment scheduled for 27 April 2026 (company announcement).Narrative Update • Mar 20
GKP: Higher Production Guidance Will Drive Stronger Future Equity Rerating
Analysts have lifted their fair value estimate for Gulf Keystone Petroleum from £2.47 to £2.79, citing updated assumptions on revenue growth, margins and future P/E, which feed through into a higher price target. What's in the News Temporary shut in of production operations, with staff protection measures in place and no reported impact to assets, following a developing regional security situation.Narrative Update • Mar 05
GKP: Fair Value View Will Emphasise Stable Output And Margin Expectations
Analysts have nudged their price target on Gulf Keystone Petroleum higher to £1.77 from £1.76, citing updated assumptions around revenue growth, profit margins and a slightly lower future P/E multiple as the main factors behind the change. What's in the News Gulf Keystone Petroleum completed a follow on equity offering of NOK 11.325432 million, issuing 512,463 common shares at NOK 22.1 with a new market listing feature (Key Developments).Narrative Update • Feb 19
GKP: Follow-On Equity Offering And Production Outlook Will Shape Fairly Balanced Prospects
Analysts have increased their price target on Gulf Keystone Petroleum from £2.14 to £2.27, citing updated assumptions around fair value, discount rate, revenue, profit margins and future P/E. What's in the News Gulf Keystone Petroleum completed a follow-on equity offering of NOK 11.325432 million, issuing 512,463 common shares at NOK 22.1 with a new market listing feature.Narrative Update • Feb 05
GKP: Fair Value View Will Reflect Stable Production Outlook And Margin Assumptions
Analysts have trimmed their price target for Gulf Keystone Petroleum slightly, reflecting small adjustments to fair value driven by updated assumptions on revenue growth, profit margins and future P/E. What's in the News Gulf Keystone Petroleum filed a follow on equity offering of €1 million in common stock, with a new market listing for the shares (Key Developments).Narrative Update • Jan 21
GKP: Fair Value View Will Reflect Stable Output And Margin Assumptions
Analysts have raised their price target for Gulf Keystone Petroleum to £1.80 per share, a modest increase that they attribute to slightly stronger assumptions for revenue growth, profit margins and a marginally lower future P/E multiple. What's in the News Gulf Keystone Petroleum reported gross average production of about 41,400 bopd for 2025 year to date, as of 8 December 2025, in line with its tightened annual guidance of 40,000 to 42,000 bopd (Key Developments).Narrative Update • Jan 06
GKP: Fair Value View Will Balance Softer Margins With Higher P/E Assumptions
Analysts have raised their fair value estimate for Gulf Keystone Petroleum from £1.50 to about £1.80 per share, citing updated views on discount rates, revenue growth, profit margins, and future P/E assumptions. Valuation Changes Fair Value: The updated estimate has moved from about £1.50 to about £1.80 per share.Narrative Update • Sep 27
New Water Facilities And Pipeline Exports Will Unlock Oil Production
The rise in consensus price target to £2.14 reflects stronger revenue growth forecasts and a lower forward P/E, indicating improved earnings expectations and valuation appeal for Gulf Keystone Petroleum. What's in the News Production guidance for 2025 revised to 40,000–42,000 bopd, down from previous 40,000–45,000 bopd, due to recent temporary disruptions.
New Narrative • Apr 27
Kurdistan Pipeline Restart Will Secure Future Oil Market Access
Kurdish pipeline export restart and improved government payments could enhance revenue and cash flow stability.Analysis Article • Mar 27
The Strong Earnings Posted By Gulf Keystone Petroleum (LON:GKP) Are A Good Indication Of The Strength Of The Business
Gulf Keystone Petroleum Limited ( LON:GKP ) just reported healthy earnings but the stock price didn't move much. Our...Analysis Article • Mar 25
Analysts Just Shaved Their Gulf Keystone Petroleum Limited (LON:GKP) Forecasts Dramatically
The analysts covering Gulf Keystone Petroleum Limited ( LON:GKP ) delivered a dose of negativity to shareholders today...Analysis Article • Jan 17
Revenues Tell The Story For Gulf Keystone Petroleum Limited (LON:GKP) As Its Stock Soars 26%
Gulf Keystone Petroleum Limited ( LON:GKP ) shares have continued their recent momentum with a 26% gain in the last...Analysis Article • May 22
Why Investors Shouldn't Be Surprised By Gulf Keystone Petroleum Limited's (LON:GKP) 27% Share Price Surge
Despite an already strong run, Gulf Keystone Petroleum Limited ( LON:GKP ) shares have been powering on, with a gain of...Analysis Article • Mar 23
These Analysts Just Made An Downgrade To Their Gulf Keystone Petroleum Limited (LON:GKP) EPS Forecasts
Today is shaping up negative for Gulf Keystone Petroleum Limited ( LON:GKP ) shareholders, with the analysts delivering...Analysis Article • Dec 15
Newsflash: Gulf Keystone Petroleum Limited (LON:GKP) Analysts Have Been Trimming Their Revenue Forecasts
The latest analyst coverage could presage a bad day for Gulf Keystone Petroleum Limited ( LON:GKP ), with the analysts...Analysis Article • Dec 13
Gulf Keystone Petroleum's (LON:GKP) Returns On Capital Are Heading Higher
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Analysis Article • Aug 09
Gulf Keystone Petroleum (LON:GKP) Knows How To Allocate Capital Effectively
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Analysis Article • May 20
Gulf Keystone Petroleum Limited's (LON:GKP) Intrinsic Value Is Potentially 86% Above Its Share Price
Key Insights Gulf Keystone Petroleum's estimated fair value is UK£2.45 based on 2 Stage Free Cash Flow to Equity...Analysis Article • Jul 07
Gulf Keystone Petroleum (LON:GKP) Is Achieving High Returns On Its Capital
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'd want to...Analysis Article • May 06
A Look At The Fair Value Of Gulf Keystone Petroleum Limited (LON:GKP)
Today we will run through one way of estimating the intrinsic value of Gulf Keystone Petroleum Limited ( LON:GKP ) by...Analysis Article • Apr 07
Is Gulf Keystone Petroleum (LON:GKP) Using Too Much Debt?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Shareholder Returns
| GKP | GB Oil and Gas | GB Market | |
|---|---|---|---|
| 7D | 4.4% | -6.1% | -1.3% |
| 1Y | 13.8% | 19.6% | 17.3% |
Return vs Industry: GKP underperformed the UK Oil and Gas industry which returned 16.7% over the past year.
Return vs Market: GKP underperformed the UK Market which returned 17.7% over the past year.
Price Volatility
| GKP volatility | |
|---|---|
| GKP Average Weekly Movement | 4.9% |
| Oil and Gas Industry Average Movement | 7.3% |
| Market Average Movement | 5.5% |
| 10% most volatile stocks in GB Market | 11.1% |
| 10% least volatile stocks in GB Market | 3.0% |
Stable Share Price: GKP has not had significant price volatility in the past 3 months compared to the UK market.
Volatility Over Time: GKP's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2001 | 433 | Jon Harris | www.gulfkeystone.com |
Gulf Keystone Petroleum Limited, together with its subsidiaries, explores, evaluates, develops, and produces oil and gas in the Kurdistan Region of Iraq. The company holds an 80% interest in the Shaikan Field, which covers an area of approximately 280 square kilometers located northwest of Erbil. It also provides management, support, geological, geophysical, and engineering services.
Gulf Keystone Petroleum Limited Fundamentals Summary
| GKP fundamental statistics | |
|---|---|
| Market cap | UK£387.05m |
| Earnings (TTM) | UK£11.44m |
| Revenue (TTM) | UK£145.90m |
34.6x
P/E Ratio2.7x
P/S RatioIs GKP overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| GKP income statement (TTM) | |
|---|---|
| Revenue | US$193.09m |
| Cost of Revenue | US$143.72m |
| Gross Profit | US$49.38m |
| Other Expenses | US$34.24m |
| Earnings | US$15.13m |
Last Reported Earnings
Dec 31, 2025
Next Earnings Date
Aug 25, 2026
| Earnings per share (EPS) | 0.07 |
| Gross Margin | 25.57% |
| Net Profit Margin | 7.84% |
| Debt/Equity Ratio | 0% |
How did GKP perform over the long term?
See historical performance and comparisonDividends
4.8%
Current Dividend Yield330%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/19 02:11 |
| End of Day Share Price | 2026/06/19 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Gulf Keystone Petroleum Limited is covered by 17 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| James Carmichael | Berenberg |
| Charlie Sharp | Canaccord Genuity |
| Oddvar Bjørgan | DNB Carnegie |