Gibson Energy (TSE:GEI) Share Price Passes Above 200-Day Moving Average of $21.11

Gibson Energy Inc. (TSE:GEI)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$21.11 and traded as high as C$23.04. Gibson Energy shares last traded at C$22.85, with a volume of 617,070 shares changing hands.

Analyst Ratings Changes

GEI has been the subject of a number of analyst reports. Jefferies Financial Group set a C$25.00 price target on Gibson Energy and gave the company a “buy” rating in a report on Tuesday, February 27th. Wells Fargo & Company raised Gibson Energy from an “underweight” rating to an “overweight” rating and boosted their price target for the company from C$21.00 to C$23.00 in a report on Thursday, December 14th. CIBC boosted their price target on Gibson Energy from C$26.00 to C$27.00 and gave the company an “outperform” rating in a report on Monday, January 8th. National Bankshares boosted their price target on Gibson Energy from C$24.00 to C$25.00 and gave the company an “outperform” rating in a report on Tuesday, January 30th. Finally, JPMorgan Chase & Co. decreased their price target on Gibson Energy from C$26.00 to C$25.00 and set an “overweight” rating for the company in a report on Wednesday, January 17th. One research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$25.27.

Gibson Energy Trading Down 0.7 %

The company has a 50 day moving average of C$22.19 and a 200 day moving average of C$21.11. The company has a debt-to-equity ratio of 303.96, a quick ratio of 0.87 and a current ratio of 1.12. The stock has a market capitalization of C$3.69 billion, a price-to-earnings ratio of 16.21, a P/E/G ratio of 1.85 and a beta of 1.29.

Gibson Energy (TSE:GEI) last posted its quarterly earnings data on Tuesday, February 20th. The company reported C$0.32 EPS for the quarter, missing the consensus estimate of C$0.40 by C($0.08). Gibson Energy had a net margin of 1.95% and a return on equity of 28.84%. The firm had revenue of C$2.81 billion during the quarter, compared to analyst estimates of C$3.33 billion. On average, research analysts predict that Gibson Energy Inc. will post 1.5894955 EPS for the current fiscal year.

Gibson Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 17th. Investors of record on Thursday, March 28th will be paid a $0.41 dividend. This is an increase from Gibson Energy’s previous quarterly dividend of $0.39. This represents a $1.64 annualized dividend and a yield of 7.18%. The ex-dividend date is Wednesday, March 27th. Gibson Energy’s dividend payout ratio is currently 116.31%.

Insider Activity at Gibson Energy

In other Gibson Energy news, Senior Officer Sean Brown sold 35,000 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of C$19.97, for a total value of C$698,950.00. In other Gibson Energy news, Senior Officer Sean Brown sold 35,000 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of C$19.97, for a total value of C$698,950.00. Also, Director Khalid Muslih bought 7,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was bought at an average price of C$16.63 per share, with a total value of C$116,410.00. 0.81% of the stock is owned by corporate insiders.

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.