GKP Stock Overview
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.
Gulf Keystone Petroleum Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||UK£2.47|
|52 Week High||UK£3.21|
|52 Week Low||UK£1.39|
|1 Month Change||-14.09%|
|3 Month Change||-0.20%|
|1 Year Change||32.94%|
|3 Year Change||12.53%|
|5 Year Change||160.00%|
|Change since IPO||-95.59%|
Recent News & Updates
|GKP||GB Oil and Gas||GB Market|
Return vs Industry: GKP exceeded the UK Oil and Gas industry which returned 1.9% over the past year.
Return vs Market: GKP exceeded the UK Market which returned -9.7% over the past year.
|GKP Average Weekly Movement||6.8%|
|Oil and Gas Industry Average Movement||8.6%|
|Market Average Movement||5.4%|
|10% most volatile stocks in GB Market||10.6%|
|10% least volatile stocks in GB Market||2.8%|
Stable Share Price: GKP is not significantly more volatile than the rest of UK stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: GKP's weekly volatility (7%) has been stable over the past year.
About the Company
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.
Gulf Keystone Petroleum Fundamentals Summary
|GKP fundamental statistics|
Is GKP overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|GKP income statement (TTM)|
|Cost of Revenue||US$111.72m|
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
|Earnings per share (EPS)||0.76|
|Net Profit Margin||54.61%|
How did GKP perform over the long term?See historical performance and comparison
23.5%Current Dividend Yield
Does GKP pay a reliable dividends?See GKP dividend history and benchmarks
|Gulf Keystone Petroleum dividend dates|
|Ex Dividend Date||Jul 14 2022|
|Dividend Pay Date||Jul 29 2022|
|Days until Ex dividend||10 days|
|Days until Dividend pay date||25 days|
Does GKP pay a reliable dividends?See GKP dividend history and benchmarks
Is GKP undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 4/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for GKP?
Other financial metrics that can be useful for relative valuation.
|What is GKP's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does GKP's PE Ratio compare to its peers?
|GKP PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
SEPL Seplat Energy
INDI Indus Gas
CNE Capricorn Energy
GKP Gulf Keystone Petroleum
Price-To-Earnings vs Peers: GKP is good value based on its Price-To-Earnings Ratio (3.9x) compared to the peer average (7.2x).
Price to Earnings Ratio vs Industry
How does GKP's PE Ratio compare vs other companies in the GB Oil and Gas Industry?
Price-To-Earnings vs Industry: GKP is good value based on its Price-To-Earnings Ratio (3.9x) compared to the UK Oil and Gas industry average (8.4x)
Price to Earnings Ratio vs Fair Ratio
What is GKP's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||3.9x|
|Fair PE Ratio||7.4x|
Price-To-Earnings vs Fair Ratio: GKP is good value based on its Price-To-Earnings Ratio (3.9x) compared to the estimated Fair Price-To-Earnings Ratio (7.4x).
Share Price vs Fair Value
What is the Fair Price of GKP when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: GKP (£2.47) is trading below our estimate of fair value (£2.72)
Significantly Below Fair Value: GKP is trading below fair value, but not by a significant amount.
Price to Earnings Growth Ratio
PEG Ratio: GKP's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
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How is Gulf Keystone Petroleum forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Future Growth Score1/6
Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GKP's earnings are forecast to decline over the next 3 years (-9.1% per year).
Earnings vs Market: GKP's earnings are forecast to decline over the next 3 years (-9.1% per year).
High Growth Earnings: GKP's earnings are forecast to decline over the next 3 years.
Revenue vs Market: GKP's revenue (2.5% per year) is forecast to grow slower than the UK market (4.2% per year).
High Growth Revenue: GKP's revenue (2.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: GKP's Return on Equity is forecast to be high in 3 years time (29%)
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How has Gulf Keystone Petroleum performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GKP has high quality earnings.
Growing Profit Margin: GKP became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: GKP has become profitable over the past 5 years, growing earnings by -10.6% per year.
Accelerating Growth: GKP has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: GKP has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (377.8%).
Return on Equity
High ROE: GKP's Return on Equity (31.5%) is considered high.
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How is Gulf Keystone Petroleum's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: GKP's short term assets ($355.1M) exceed its short term liabilities ($98.8M).
Long Term Liabilities: GKP's short term assets ($355.1M) exceed its long term liabilities ($143.8M).
Debt to Equity History and Analysis
Debt Level: GKP has more cash than its total debt.
Reducing Debt: GKP's debt to equity ratio has reduced from 21.8% to 19% over the past 5 years.
Debt Coverage: GKP's debt is well covered by operating cash flow (180.1%).
Interest Coverage: GKP's interest payments on its debt are well covered by EBIT (17.1x coverage).
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What is Gulf Keystone Petroleum current dividend yield, its reliability and sustainability?
Dividend Score 4/6
Future Dividend Coverage
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: GKP's dividend (23.49%) is higher than the bottom 25% of dividend payers in the UK market (1.89%).
High Dividend: GKP's dividend (23.49%) is in the top 25% of dividend payers in the UK market (5.29%)
Stability and Growth of Payments
Stable Dividend: GKP has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: GKP's dividend payments have increased, but the company has only paid a dividend for 3 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (45.5%), GKP's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (122.8%), GKP's dividend payments are not well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jon Harris (56 yo)
Mr. Jon R. Harris, MEng (Fuels and Energy Engineering), has been Chief Executive Officer and Director of Gulf Keystone Petroleum Limited since January 18, 2021. He has experience in the oil and gas industr...
CEO Compensation Analysis
Compensation vs Market: Jon's total compensation ($USD1.19M) is about average for companies of similar size in the UK market ($USD1.32M).
Compensation vs Earnings: Insufficient data to compare Jon's compensation with company performance.
Experienced Management: GKP's management team is not considered experienced ( 1.5 years average tenure), which suggests a new team.
Experienced Board: GKP's board of directors are considered experienced (3.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Gulf Keystone Petroleum Limited's employee growth, exchange listings and data sources
- Name: Gulf Keystone Petroleum Limited
- Ticker: GKP
- Exchange: LSE
- Founded: 2001
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Implied Market Cap: UK£533.884m
- Shares outstanding: 216.15m
- Website: https://www.gulfkeystone.com
Number of Employees
- Gulf Keystone Petroleum Limited
- Cedar House
- 3rd Floor
- HM 12
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/07/03 00:00|
|End of Day Share Price||2022/07/01 00:00|
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 here.