Gibson Energy (TSE:GEI) Stock Price Crosses Above Two Hundred Day Moving Average of $24.40

Gibson Energy Inc. (TSE:GEI)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $24.40 and traded as high as $27.02. Gibson Energy shares last traded at $26.76, with a volume of 437,783 shares changing hands.

Several research analysts have recently issued reports on GEI shares. Credit Suisse Group upped their target price on shares of Gibson Energy from C$26.00 to C$28.00 in a report on Monday, January 20th. National Bank Financial upped their target price on shares of Gibson Energy from C$28.00 to C$29.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. TD Securities upped their target price on shares of Gibson Energy from C$24.00 to C$25.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. CIBC cut shares of Gibson Energy from an “outperform” rating to a “neutral” rating and upped their target price for the company from C$28.00 to C$29.00 in a report on Friday, December 20th. Finally, BMO Capital Markets upped their target price on shares of Gibson Energy from C$28.00 to C$29.00 in a report on Wednesday, December 4th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of C$27.35.

The firm’s 50-day moving average is C$26.93 and its 200 day moving average is C$24.40. The stock has a market cap of $3.95 billion and a PE ratio of 24.03. The company has a debt-to-equity ratio of 209.24, a quick ratio of 0.90 and a current ratio of 1.07.

Gibson Energy (TSE:GEI) last released its quarterly earnings results on Monday, November 4th. The company reported C$0.30 EPS for the quarter, beating the consensus estimate of C$0.21 by C$0.09. The business had revenue of C$1.99 billion during the quarter. On average, sell-side analysts predict that Gibson Energy Inc. will post 1.2100001 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Tuesday, December 31st were given a $0.33 dividend. The ex-dividend date of this dividend was Monday, December 30th. This represents a $1.32 annualized dividend and a yield of 4.93%. Gibson Energy’s dividend payout ratio (DPR) is 118.39%.

Gibson Energy Company Profile (TSE:GEI)

Gibson Energy Inc engages in the gathering, storage, optimization, processing, and marketing of crude oil and refined products in North America. It operates through Infrastructure and Wholesale segments. The Infrastructure segment operates a network of infrastructure assets that include oil terminals, rail loading and unloading facilities, injection stations, gathering pipelines, and a crude oil processing facility, as well as procession, recovery, and disposal terminals.

See Also: Diluted Earnings Per Share

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