Gibson Energy (TSE:GEI) Stock Passes Above 200 Day Moving Average – What’s Next?

Gibson Energy Inc. (TSE:GEI)’s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$23.11 and traded as high as C$23.50. Gibson Energy shares last traded at C$23.36, with a volume of 323,364 shares traded.

Analyst Ratings Changes

GEI has been the subject of several analyst reports. CIBC reduced their price target on shares of Gibson Energy from C$27.00 to C$26.00 and set an “outperform” rating for the company in a research report on Thursday, April 24th. TD Securities raised Gibson Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, February 24th. Royal Bank of Canada reduced their price target on shares of Gibson Energy from C$28.00 to C$26.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Scotiabank cut their price objective on Gibson Energy from C$27.00 to C$26.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Finally, Raymond James dropped their target price on Gibson Energy from C$30.50 to C$29.50 and set a “strong-buy” rating on the stock in a research report on Thursday, February 20th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Gibson Energy currently has a consensus rating of “Moderate Buy” and an average price target of C$25.85.

Gibson Energy Trading Up 1.2%

The company has a debt-to-equity ratio of 278.33, a quick ratio of 0.87 and a current ratio of 0.70. The company has a 50 day simple moving average of C$21.96 and a two-hundred day simple moving average of C$23.11. The company has a market cap of C$3.81 billion, a PE ratio of 18.01, a PEG ratio of 1.85 and a beta of 1.25.

Gibson Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Monday, June 30th will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 7.36%. Gibson Energy’s dividend payout ratio (DPR) is 126.47%.

Insiders Place Their Bets

In related news, Senior Officer David Bruce Gosse bought 2,205 shares of the business’s stock in a transaction dated Monday, May 26th. The stock was bought at an average price of C$22.72 per share, for a total transaction of C$50,089.66. Also, Director Curtis Philippon purchased 15,000 shares of Gibson Energy stock in a transaction that occurred on Tuesday, May 13th. The shares were bought at an average cost of C$22.26 per share, for a total transaction of C$333,900.00. Company 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.