Gibson Energy (TSE:GEI) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Gibson Energy Inc. (TSE:GEI) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$24.95 and traded as high as C$25.97. Gibson Energy shares last traded at C$25.86, with a volume of 164,936 shares traded.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. CIBC lifted their price target on Gibson Energy from C$26.00 to C$30.00 in a research note on Wednesday, December 3rd. BMO Capital Markets raised their target price on Gibson Energy from C$25.00 to C$27.00 in a report on Wednesday, December 3rd. Natl Bk Canada raised shares of Gibson Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 2nd. TD Securities cut their price target on shares of Gibson Energy from C$24.00 to C$23.00 and set a “hold” rating for the company in a report on Tuesday, November 4th. Finally, Royal Bank Of Canada raised their price objective on shares of Gibson Energy from C$26.00 to C$28.00 in a research note on Wednesday, December 3rd. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$26.95.

Gibson Energy Price Performance

The company has a market cap of C$4.24 billion, a price-to-earnings ratio of 28.11, a price-to-earnings-growth ratio of 1.85 and a beta of 0.23. The company has a fifty day simple moving average of C$24.63 and a two-hundred day simple moving average of C$24.95. The company has a quick ratio of 0.87, a current ratio of 0.70 and a debt-to-equity ratio of 278.33.

Gibson Energy (TSE:GEI) last released its quarterly earnings data on Monday, November 3rd. The company reported C$0.28 EPS for the quarter. The business had revenue of C$2.88 billion for the quarter. Gibson Energy had a net margin of 1.73% and a return on equity of 22.60%.

Insider Activity

In other Gibson Energy news, Director Craig Richardson purchased 1,000 shares of the stock in a transaction dated Monday, December 15th. The shares were acquired at an average cost of C$26.07 per share, for a total transaction of C$26,070.00. Following the completion of the transaction, the director directly owned 2,000 shares of the company’s stock, valued at C$52,140. This trade represents a 100.00% increase in their ownership of the stock. 0.85% of the stock is owned by company insiders.

About Gibson Energy

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. Gibson Energy Inc services Canada and the United States, and the majority of revenue comes from the marketing segment.