Gibson Energy (TSE:GEI) Shares Pass Above Two Hundred Day Moving Average of $21.91

Gibson Energy Inc. (TSE:GEI) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$21.91 and traded as high as C$22.74. Gibson Energy shares last traded at C$22.68, with a volume of 313,069 shares changing hands.

Analysts Set New Price Targets

GEI has been the topic of a number of recent analyst reports. BMO Capital Markets raised their price target on Gibson Energy from C$22.50 to C$25.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 30th. Scotiabank increased their price target on shares of Gibson Energy from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. boosted their price objective on shares of Gibson Energy from C$25.00 to C$26.00 in a research report on Monday, April 15th. Stifel Nicolaus cut their target price 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. Finally, Jefferies Financial Group set a C$25.00 price target on Gibson Energy and gave the company a “buy” rating in a research note on Tuesday, February 27th. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, Gibson Energy has a consensus rating of “Moderate Buy” and an average price target of C$25.55.

Gibson Energy Stock Up 0.0 %

The firm has a 50-day simple moving average of C$22.69 and a 200 day simple moving average of C$21.91. The stock has a market capitalization of C$3.69 billion, a P/E ratio of 21.60, a P/E/G ratio of 1.85 and a beta of 1.29. The company has a debt-to-equity ratio of 288.27, a current ratio of 1.03 and a quick ratio of 0.87.

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). Gibson Energy had a net margin of 1.39% and a return on equity of 21.90%. The business had revenue of C$3.29 billion during the quarter, compared to the consensus estimate of C$2.87 billion. On average, equities research analysts forecast that Gibson Energy Inc. will post 1.55517 EPS for the current year.

Gibson Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 17th. Investors of record on Wednesday, July 17th will be issued a $0.41 dividend. The ex-dividend date is Friday, June 28th. This represents a $1.64 dividend on an annualized basis and a yield of 7.23%. Gibson Energy’s payout ratio is 156.19%.

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.