Gibson Energy (TSE:GEI) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

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$25.41 and traded as high as C$27.62. Gibson Energy shares last traded at C$27.37, with a volume of 652,979 shares.

Analysts Set New Price Targets

GEI has been the subject of several recent analyst reports. TD Securities increased their target price on Gibson Energy from C$23.00 to C$26.00 and gave the company a “hold” rating in a research note on Monday, January 12th. BMO Capital Markets upped their price target on Gibson Energy from C$25.00 to C$27.00 in a report on Wednesday, December 3rd. National Bankshares set a C$29.00 price objective on shares of Gibson Energy and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. Royal Bank Of Canada boosted their target price on shares of Gibson Energy from C$26.00 to C$28.00 in a research report on Wednesday, December 3rd. Finally, Scotiabank downgraded shares of Gibson Energy from an “outperform” rating to a “hold” rating and reduced their price target for the company from C$27.00 to C$25.00 in a report on Monday, October 20th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$27.23.

Gibson Energy Stock Down 0.5%

The company has a market capitalization of C$4.48 billion, a price-to-earnings ratio of 29.75, a P/E/G ratio of 1.85 and a beta of 0.29. The business has a fifty day simple moving average of C$25.91 and a two-hundred day simple moving average of C$25.41. 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 posted its earnings results on Monday, November 3rd. The company reported C$0.28 EPS for the quarter. Gibson Energy had a return on equity of 22.60% and a net margin of 1.73%.The business had revenue of C$2.88 billion during the quarter.

Insider Activity

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

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