Gibson Energy (TSE:GEI) Share Price Crosses Above 200-Day Moving Average - Here's Why

Gibson Energy Inc. (TSE:GEI - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-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

GEI has been the topic of a number of research reports. Royal Bank of Canada lowered 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 research note on Thursday, February 20th. National Bankshares cut shares of Gibson Energy from an "outperform" rating to a "sector perform" rating and decreased their price target for the stock from C$29.00 to C$24.00 in a research note on Wednesday, February 19th. Raymond James decreased their price target on shares of Gibson Energy from C$30.50 to C$29.50 and set a "strong-buy" rating on the stock in a research note on Thursday, February 20th. Jefferies Financial Group decreased their price target on shares of Gibson Energy from C$26.00 to C$23.00 and set a "hold" rating on the stock in a research note on Thursday, February 20th. Finally, National Bank Financial cut shares of Gibson Energy from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of C$25.85.

Gibson Energy Price Performance

The company's 50-day moving average is C$22.01 and its 200-day moving average is C$23.12. 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 has a market capitalization of C$3.82 billion, a price-to-earnings ratio of 18.06, a PEG ratio of 1.85 and a beta of 1.25.

Gibson Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Monday, June 30th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 7.34%. Gibson Energy's dividend payout ratio is presently 126.47%.

Insider Buying and Selling

In other Gibson Energy news, Director Curtis Philippon purchased 15,000 shares of the business'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 purchased 2,205 shares of the business's stock in a transaction that occurred on Monday, May 26th. The stock was 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.

Gibson Energy Company Profile

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.