Gibson Energy (TSE:GEI) Shares Cross Above Two Hundred Day Moving Average - Here's Why

Gibson Energy Inc. (TSE:GEI - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$23.11 and traded as high as C$23.50. Gibson Energy shares last traded at C$23.36, with a volume of 323,364 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. TD Securities upgraded shares of Gibson Energy from a "hold" rating to a "strong-buy" rating in a report on Monday, February 24th. National Bankshares lowered shares of Gibson Energy from an "outperform" rating to a "sector perform" rating and cut their price objective for the stock from C$29.00 to C$24.00 in a report on Wednesday, February 19th. Raymond James cut their price objective on shares of Gibson Energy from C$30.50 to C$29.50 and set a "strong-buy" rating on the stock in a report on Thursday, February 20th. Royal Bank of Canada cut their price objective on shares of Gibson Energy from C$28.00 to C$26.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Finally, National Bank Financial lowered shares of Gibson Energy from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 19th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Gibson Energy presently has a consensus rating of "Moderate Buy" and an average price target of C$25.85.

Gibson Energy Stock Up 0.3%

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 firm's 50-day moving average price is C$21.97 and its 200 day moving average price is C$23.11. The firm has a market cap of C$3.82 billion, a P/E ratio of 18.04, a PEG ratio of 1.85 and a beta of 1.25.

Gibson Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, June 30th will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 7.35%. Gibson Energy's payout ratio is 126.47%.

Insider Transactions at Gibson Energy

In other Gibson Energy news, Director Curtis Philippon acquired 15,000 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The shares were purchased at an average price of C$22.26 per share, for a total transaction of C$333,900.00. Also, Senior Officer David Bruce Gosse acquired 2,205 shares of the company's stock in a transaction that occurred on Monday, May 26th. The shares were acquired at an average price of C$22.72 per share, for a total transaction of C$50,089.66. Corporate insiders own 0.85% of the company's stock.

About Gibson Energy

Gibson Energy Inc, together with its subsidiaries, engages in the gathering, storage, optimization, processing, and marketing of liquids and refined products in Canada and the United States. It operates through Infrastructure and Marketing segments. The Infrastructure segment operates a network of liquid infrastructure assets that include oil terminals, rail loading and unloading facilities, gathering pipelines, a crude oil processing facility, and other terminals.