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

Key Points

• Shares crossed above the 200‑day moving average: Gibson Energy traded as high as C$28.47 versus a 200‑day MA of C$26.61, with about 720,396 shares changing hands.
• High dividend yield but stretched payout: the company paid a C$0.45 quarterly dividend (C$1.80 annualized) for a 6.3% yield, while the payout ratio is 143.33%, indicating potential sustainability concerns.
• Analyst outlook is mixed but moderately positive: TD Securities raised its target to C$29 (hold) and MarketBeat's consensus is a "Moderate Buy" with an average target of C$27.50, which is below the current share price.

Shares of Gibson Energy Inc. (TSE:GEI - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$26.61 and traded as high as C$28.47. Gibson Energy shares last traded at C$28.36, with a volume of 720,396 shares trading hands.

Analyst Ratings Changes

Separately, TD Securities raised their price objective on shares of Gibson Energy from C$26.00 to C$29.00 and gave the company a "hold" rating in a research report on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Gibson Energy has a consensus rating of "Moderate Buy" and an average target price of C$27.50.

Gibson Energy Stock Performance

The company has a debt-to-equity ratio of 346.20, a quick ratio of 0.87 and a current ratio of 1.05. The company has a market capitalization of C$4.89 billion, a P/E ratio of 23.63, a P/E/G ratio of 1.85 and a beta of 0.20. The business's fifty day simple moving average is C$29.10 and its 200-day simple moving average is C$26.61.

Gibson Energy (TSE:GEI - Get Free Report) last announced its quarterly earnings results on Tuesday, February 17th. The company reported C$0.25 earnings per share (EPS) for the quarter. The company had revenue of C$2.31 billion for the quarter. Gibson Energy had a net margin of 1.85% and a return on equity of 22.62%.

Gibson Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 17th. Shareholders of record on Friday, April 17th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date was Monday, March 30th. Gibson Energy's payout ratio is currently 143.33%.

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.

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