Gibson Energy (TSE:GEI) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Gibson Energy Inc. (TSE:GEI) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$24.01 and traded as high as C$24.39. Gibson Energy shares last traded at C$24.12, with a volume of 628,301 shares traded.

Analyst Ratings Changes

Several research firms have recently weighed in on GEI. TD Securities lowered shares of Gibson Energy from a “strong-buy” rating to a “hold” rating and upped their target price for the stock from C$24.00 to C$25.00 in a report on Tuesday, June 17th. BMO Capital Markets lowered shares of Gibson Energy from an “outperform” rating to a “hold” rating and upped their target price for the stock from C$26.00 to C$27.00 in a report on Monday, September 8th. Royal Bank Of Canada upped their target price on shares of Gibson Energy from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Jefferies Financial Group raised shares of Gibson Energy from a “hold” rating to a “buy” rating and upped their target price for the stock from C$23.00 to C$28.00 in a report on Wednesday, July 23rd. Finally, National Bankshares upped their target price on shares of Gibson Energy from C$24.00 to C$25.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$26.41.

Gibson Energy Trading Down 0.3%

The business’s fifty day simple moving average is C$25.87 and its 200 day simple moving average is C$24.01. The company has a current ratio of 0.70, a quick ratio of 0.87 and a debt-to-equity ratio of 278.33. The stock has a market cap of C$3.95 billion, a P/E ratio of 24.87, a price-to-earnings-growth ratio of 1.85 and a beta of 0.27.

Gibson Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 7.1%. Gibson Energy’s dividend payout ratio is currently 173.20%.

Insider Buying and Selling

In other Gibson Energy news, Director Maria Hooper bought 5,000 shares of Gibson Energy stock in a transaction dated Monday, August 18th. The shares were bought at an average price of C$25.72 per share, with a total value of C$128,600.00. Following the purchase, the director owned 5,000 shares of the company’s stock, valued at C$128,600. This trade represents a ∞ increase in their ownership of the stock. 0.85% of the stock is currently owned by corporate insiders.

Gibson Energy Company Profile

Gibson Energy Inc is an oil infrastructure company that collects, stores, and processes crude oil and refined products. Reportable segments include marketing, which deals with buying, selling, and optimizing products such as crude oil, natural gas liquid, road asphalt, and oil-based mud product; and infrastructure, which makes up a system of oil terminals, rail loading facilities, pipelines, and an oil processing facility.