Gibson Energy (TSE:GEI) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

Gibson Energy Inc. (TSE:GEI) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$27.80 and traded as high as C$29.46. Gibson Energy shares last traded at C$28.87, with a volume of 798,783 shares traded.

Analyst Upgrades and Downgrades

A number of research firms recently commented on GEI. TD raised shares of Gibson Energy from a “hold” rating to a “buy” rating and increased their target price for the company from C$29.00 to C$32.00 in a research report on Tuesday, May 26th. TD Securities raised shares of Gibson Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 26th. Finally, National Bank Financial upped their price target on Gibson Energy from C$30.00 to C$33.00 and gave the stock an “outperform” rating in a research report on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Gibson Energy currently has an average rating of “Moderate Buy” and an average price target of C$28.00.

Gibson Energy Stock Performance

The firm has a market cap of C$5.04 billion, a price-to-earnings ratio of 32.84, a P/E/G ratio of 1.85 and a beta of 0.11. The company has a debt-to-equity ratio of 281.88, a current ratio of 1.17 and a quick ratio of 0.87. The firm has a fifty day simple moving average of C$28.68 and a two-hundred day simple moving average of C$27.86.

Gibson Energy (TSE:GEI) last posted its quarterly earnings data on Monday, May 4th. The company reported C($0.01) earnings per share (EPS) for the quarter. The company had revenue of C$2.75 billion for the quarter. Gibson Energy had a net margin of 1.37% and a return on equity of 16.60%.

Gibson Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Friday, July 17th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend is Monday, June 29th. Gibson Energy’s payout ratio is currently 195.51%.

Gibson Energy Company Profile

Gibson is a leading liquids Infrastructure company with its principal businesses consisting of the storage, optimization, processing, and gathering of liquids and refined products, as well as waterborne vessel loading. Headquartered in Calgary, Alberta, the Company’s operations are located across North America, with core terminal assets in Hardisty and Edmonton, Alberta, Ingleside and Wink, Texas, and a facility in Moose Jaw, Saskatchewan. Gibson shares trade under the symbol GEI and are listed on the Toronto Stock Exchange.