Gibson Energy (TSE:GEI) Stock Price Passes Above 200-Day Moving Average of $21.80

Gibson Energy Inc. (TSE:GEI)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$21.80 and traded as high as C$23.39. Gibson Energy shares last traded at C$23.15, with a volume of 396,551 shares trading hands.

Analyst Ratings Changes

GEI has been the topic of a number of recent analyst reports. Jefferies Financial Group set a C$25.00 target price on Gibson Energy and gave the company a “buy” rating in a research report on Tuesday, February 27th. Scotiabank increased their price objective on Gibson Energy from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Stifel Nicolaus reduced their price objective on Gibson Energy from C$26.00 to C$25.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. BMO Capital Markets increased their price objective on Gibson Energy from C$22.50 to C$25.00 and gave the company a “market perform” rating in a research note on Tuesday, April 30th. Finally, JPMorgan Chase & Co. increased their price objective on Gibson Energy from C$25.00 to C$26.00 in a research note on Monday, April 15th. One investment analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Gibson Energy has a consensus rating of “Moderate Buy” and a consensus price target of C$25.63.

Gibson Energy Stock Down 0.2 %

The firm has a market capitalization of C$3.76 billion, a price-to-earnings ratio of 22.05, a P/E/G ratio of 1.85 and a beta of 1.29. The business has a 50 day simple moving average of C$22.70 and a 200-day simple moving average of C$21.80. The company has a debt-to-equity ratio of 288.27, a quick ratio of 0.87 and a current ratio of 1.03.

Gibson Energy (TSE:GEI) last issued its quarterly earnings data on Monday, April 29th. The company reported C$0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.39 by C($0.14). The business had revenue of C$3.29 billion for the quarter, compared to analyst estimates of C$2.87 billion. Gibson Energy had a return on equity of 21.90% and a net margin of 1.39%. On average, equities analysts expect that Gibson Energy Inc. will post 1.55517 EPS for the current year.

Gibson Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 17th. Investors of record on Friday, June 28th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 7.08%. The ex-dividend date of this dividend is Thursday, June 27th. Gibson Energy’s payout ratio is 156.19%.

Insider Buying and Selling

In related news, Director Steven R. Spaulding sold 55,823 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of C$22.72, for a total transaction of C$1,268,298.56. Corporate insiders own 0.81% of the company’s stock.

About Gibson Energy

Gibson Energy Inc, together with its subsidiaries, engages in the gathering, storage, optimization, processing, and marketing of liquids and refined products in Canada and the United States. It operates through Infrastructure and Marketing segments. The Infrastructure segment operates a network of liquid infrastructure assets that include oil terminals, rail loading and unloading facilities, gathering pipelines, a crude oil processing facility, and other terminals.