Gibson Energy (TSE:GEI) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Gibson Energy Inc. (TSE:GEI) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$22.60 and traded as high as C$23.30. Gibson Energy shares last traded at C$23.24, with a volume of 619,512 shares changing hands.

Analysts Set New Price Targets

GEI has been the topic of several research analyst reports. National Bankshares upped 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 Friday, August 23rd. JPMorgan Chase & Co. reduced their target price on shares of Gibson Energy from C$27.00 to C$26.00 in a report on Wednesday, October 2nd. Royal Bank of Canada lifted their target price on Gibson Energy from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. BMO Capital Markets raised their price target on shares of Gibson Energy from C$25.00 to C$25.50 in a research report on Thursday, September 5th. Finally, Raymond James set a C$28.50 price target on shares of Gibson Energy and gave the company a “strong-buy” rating in a research report on Friday, October 11th. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Gibson Energy currently has a consensus rating of “Buy” and a consensus target price of C$26.00.

Gibson Energy Stock Up 0.5 %

The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 292.01. The firm has a market capitalization of C$3.78 billion, a PE ratio of 21.92, a PEG ratio of 1.85 and a beta of 1.25. The stock has a 50 day simple moving average of C$22.82 and a 200 day simple moving average of C$22.60.

Gibson Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 7.06%. The ex-dividend date is Tuesday, December 31st. Gibson Energy’s payout ratio is 154.72%.

Insider Transactions at Gibson Energy

In related news, Director Curtis Philippon purchased 23,000 shares of Gibson Energy stock in a transaction dated Wednesday, September 4th. The stock was purchased at an average cost of C$22.03 per share, for a total transaction of C$506,690.00. Insiders own 0.85% 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.