Gibson Energy (TSE:GEI) Shares Cross Above 200 Day Moving Average - What's Next?

Key Points

• Gibson Energy Inc. shares have surpassed their 200-day moving average for the first time, reaching a price of C$26.00 with a trading volume of 475,332 shares.
• Recent analyst ratings reflect a mixed outlook, with target prices ranging from C$24.00 to C$30.50, and a consensus rating of "Moderate Buy".
• The company has announced a quarterly dividend of $0.43 per share, which translates to an annual yield of 6.6%, despite a high dividend payout ratio of 173.20%.

Shares of Gibson Energy Inc. (TSE:GEI - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$23.19 and traded as high as C$26.25. Gibson Energy shares last traded at C$26.00, with a volume of 475,332 shares.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. BMO Capital Markets lowered Gibson Energy from an "outperform" rating to a "hold" rating and increased their price objective for the company from C$26.00 to C$27.00 in a research report on Monday. Scotiabank upped their target price on Gibson Energy from C$26.00 to C$27.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. ATB Capital lifted their price target on shares of Gibson Energy from C$26.00 to C$27.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Raymond James Financial boosted their price objective on shares of Gibson Energy from C$30.00 to C$30.50 and gave the stock a "strong-buy" rating in a report on Tuesday, June 17th. Finally, JPMorgan Chase & Co. increased their target price on shares of Gibson Energy from C$24.00 to C$25.00 and gave the company an "underweight" rating in a report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$26.41.

Gibson Energy Stock Down 0.2%

The company has a market capitalization of C$4.24 billion, a P/E ratio of 26.72, a PEG ratio of 1.85 and a beta of 0.40. The company has a debt-to-equity ratio of 278.33, a current ratio of 0.70 and a quick ratio of 0.87. The company has a 50 day moving average of C$25.15 and a 200-day moving average of C$23.31.

Gibson Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 6.6%. Gibson Energy's dividend payout ratio (DPR) is presently 173.20%.

Insider Activity at Gibson Energy

In other Gibson Energy news, Director Maria Hooper purchased 5,000 shares of the company's stock in a transaction that occurred on Monday, August 18th. The stock was bought at an average price of C$25.72 per share, with a total value of C$128,600.00. Following the completion of the purchase, the director directly owned 5,000 shares of the company's stock, valued at C$128,600. The trade was a ∞ increase in their position. 0.85% of the stock is currently owned by corporate 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.