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

Key Points

• Gibson Energy Inc. shares surpassed their two hundred day moving average, recently trading at C$26.53, up from a low of C$23.80.
• The company declared a quarterly dividend of $0.43, resulting in an annualized dividend of $1.72 and a yield of 6.5%.
• Analysts have varied ratings on the stock, with an average rating of "Moderate Buy" and a price target of C$26.41, indicating mixed investor sentiment.

Gibson Energy Inc. (TSE:GEI - Get Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$23.80 and traded as high as C$26.84. Gibson Energy shares last traded at C$26.53, with a volume of 1,170,268 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Scotiabank increased their price objective on Gibson Energy from C$26.00 to C$27.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. ATB Capital increased their price objective on Gibson Energy from C$26.00 to C$27.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. increased their price objective on Gibson Energy from C$24.00 to C$25.00 and gave the company an "underweight" rating in a research report on Wednesday, August 20th. 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, September 8th. Finally, Raymond James Financial increased their price objective on Gibson Energy from C$30.00 to C$30.50 and gave the company a "strong-buy" rating in a research report on Tuesday, June 17th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of C$26.41.

Gibson Energy Stock Down 1.7%

The business's fifty day simple moving average is C$25.79 and its 200 day simple moving average is C$23.80. The company has a current ratio of 0.70, a quick ratio of 0.87 and a debt-to-equity ratio of 278.33. The stock has a market cap of C$4.35 billion, a price-to-earnings ratio of 27.35, a price-to-earnings-growth ratio of 1.85 and a beta of 0.40.

Gibson Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Tuesday, September 30th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 6.5%. Gibson Energy's dividend payout ratio (DPR) is 173.20%.

Insider Activity

In other news, Director Maria Hooper purchased 5,000 shares of the firm's stock in a transaction dated 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 acquisition, the director directly owned 5,000 shares of the company's stock, valued at approximately C$128,600. This represents a ∞ increase in their ownership of the stock. 0.85% of the stock is owned by company 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.

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