Gibson Energy (TSE:GEI) Stock Price Passes Above 200-Day Moving Average of $24.54

Gibson Energy Inc. (TSE:GEIGet Rating) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$24.54 and traded as high as C$24.72. Gibson Energy shares last traded at C$24.63, with a volume of 360,036 shares.

Analyst Upgrades and Downgrades

GEI has been the subject of several analyst reports. JPMorgan Chase & Co. cut their price target on shares of Gibson Energy from C$28.00 to C$27.00 in a report on Monday, October 24th. CSFB cut their price target on shares of Gibson Energy from C$24.00 to C$22.50 in a report on Tuesday, October 25th. Raymond James increased their price target on shares of Gibson Energy from C$26.50 to C$27.00 and gave the stock a “market perform” rating in a report on Tuesday, November 1st. Credit Suisse Group cut their price target on shares of Gibson Energy to C$22.50 in a report on Tuesday, October 25th. Finally, National Bankshares increased their price target on shares of Gibson Energy from C$23.00 to C$24.00 and gave the stock a “sector perform” rating in a report on Wednesday, November 2nd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$24.77.

Gibson Energy Stock Performance

The stock’s 50-day moving average is C$23.18 and its 200-day moving average is C$24.54. The stock has a market cap of C$3.56 billion and a price-to-earnings ratio of 18.11. The company has a debt-to-equity ratio of 262.23, a current ratio of 1.08 and a quick ratio of 0.87.

Gibson Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 17th. Investors of record on Friday, December 30th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, December 29th. This represents a $1.48 dividend on an annualized basis and a yield of 6.01%. Gibson Energy’s dividend payout ratio (DPR) is currently 107.35%.

Insider Buying and Selling

In related news, Director Marshall L. Mcrae sold 3,021 shares of the firm’s stock in a transaction that occurred on Wednesday, September 14th. The shares were sold at an average price of C$25.44, for a total transaction of C$76,854.24. Following the sale, the director now owns 3,283 shares in the company, valued at C$83,519.52. In other Gibson Energy news, Director James Joseph Cleary sold 6,000 shares of Gibson Energy stock in a transaction on Friday, November 4th. The shares were sold at an average price of C$23.71, for a total value of C$142,260.00. Following the transaction, the director now owns 9,019 shares in the company, valued at approximately C$213,840.49. Also, Director Marshall L. Mcrae sold 3,021 shares of Gibson Energy stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of C$25.44, for a total transaction of C$76,854.24. Following the completion of the transaction, the director now owns 3,283 shares in the company, valued at approximately C$83,519.52.

Gibson Energy Company Profile

(Get Rating)

Gibson Energy Inc, a liquids infrastructure company, engages in the gathering, storage, optimization, processing, and marketing of liquids and refined products in North America. It operates through two segments, Infrastructure and Marketing. The Infrastructure segment operates a network of infrastructure assets that include oil terminals, rail loading and unloading facilities, gathering pipelines, and a crude oil processing facility.

Read More

Receive News & Ratings for Gibson Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gibson Energy and related companies with MarketBeat.com's FREE daily email newsletter.