Gibson Energy (TSE:GEI) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

Gibson Energy Inc. (TSE:GEI) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$27.80 and traded as high as C$29.46. Gibson Energy shares last traded at C$28.87, with a volume of 798,783 shares trading hands.

Analyst Ratings Changes

A number of research analysts have commented on GEI shares. National Bank Financial increased their price objective on shares of Gibson Energy from C$30.00 to C$33.00 and gave the company an “outperform” rating in a research note on Monday, June 1st. TD upgraded shares of Gibson Energy from a “hold” rating to a “buy” rating and increased their price objective for the company from C$29.00 to C$32.00 in a research note on Tuesday, May 26th. Finally, TD Securities upgraded shares of Gibson Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$28.00.

Gibson Energy Stock Performance

The stock’s 50-day moving average price is C$28.71 and its 200-day moving average price is C$27.80. The company has a current ratio of 1.17, a quick ratio of 0.87 and a debt-to-equity ratio of 281.88. The company has a market capitalization of C$4.98 billion, a P/E ratio of 32.44, a P/E/G ratio of 1.85 and a beta of 0.11.

Gibson Energy (TSE:GEI) last posted its quarterly earnings results on Monday, May 4th. The company reported C($0.01) earnings per share (EPS) for the quarter. Gibson Energy had a return on equity of 16.60% and a net margin of 1.37%.The business had revenue of C$2.75 billion during the quarter.

Gibson Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Friday, July 17th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date is Monday, June 29th. Gibson Energy’s dividend payout ratio (DPR) is presently 195.51%.

About Gibson Energy

Gibson is a leading liquids Infrastructure company with its principal businesses consisting of the storage, optimization, processing, and gathering of liquids and refined products, as well as waterborne vessel loading. Headquartered in Calgary, Alberta, the Company’s operations are located across North America, with core terminal assets in Hardisty and Edmonton, Alberta, Ingleside and Wink, Texas, and a facility in Moose Jaw, Saskatchewan. Gibson shares trade under the symbol GEI and are listed on the Toronto Stock Exchange.