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

Key Points

• Gibson Energy's stock price has recently crossed above its 200-day moving average, indicating potential bullish momentum, with shares trading at C$24.12 and a volume of 628,301.
• Analysts have mixed opinions, with the average target price for the stock at C$26.41; ratings include one Strong Buy, five Buy, five Hold, and one Sell.
• The company has announced a quarterly dividend of $0.43, scheduled for payment on October 17, representing a dividend yield of 7.1% and a payout ratio of 173.20%.

Gibson Energy Inc. (TSE:GEI - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$24.01 and traded as high as C$24.39. Gibson Energy shares last traded at C$24.12, with a volume of 628,301 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on GEI shares. ATB Capital upped their target price on shares of Gibson Energy from C$26.00 to C$27.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Wells Fargo & Company upped their target price on shares of Gibson Energy from C$23.00 to C$24.00 in a research note on Wednesday, July 30th. Jefferies Financial Group upgraded shares of Gibson Energy from a "hold" rating to a "buy" rating and upped their target price for the company from C$23.00 to C$28.00 in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. upped 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 research note on Wednesday, August 20th. Finally, TD Securities cut shares of Gibson Energy from a "strong-buy" rating to a "hold" rating and upped their target price for the company from C$24.00 to C$25.00 in a research note on Tuesday, June 17th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of C$26.41.

Gibson Energy Trading Down 0.3%

The company has a market cap of C$3.95 billion, a price-to-earnings ratio of 24.87, a PEG ratio of 1.85 and a beta of 0.27. The company has a debt-to-equity ratio of 278.33, a quick ratio of 0.87 and a current ratio of 0.70. The business's 50 day moving average price is C$25.87 and its 200-day moving average price is C$24.01.

Gibson Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Tuesday, September 30th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 7.1%. Gibson Energy's dividend payout ratio is 173.20%.

Insider Activity

In other Gibson Energy news, Director Maria Hooper acquired 5,000 shares of the company's stock in a transaction dated Monday, August 18th. The stock was bought at an average price of C$25.72 per share, for a total transaction of C$128,600.00. Following the purchase, the director owned 5,000 shares in the company, valued at C$128,600. This represents a ∞ increase in their position. Corporate 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.

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