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

Gibson Energy Inc. (TSE:GEI) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$27.23 and traded as high as C$29.51. Gibson Energy shares last traded at C$29.14, with a volume of 181,669 shares changing hands.

Analyst Ratings Changes

A number of research firms have recently issued reports on GEI. TD Securities upgraded shares of Gibson Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday. TD raised Gibson Energy from a “hold” rating to a “buy” rating and lifted their target price for the company from C$29.00 to C$32.00 in a research report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Gibson Energy presently has a consensus rating of “Moderate Buy” and an average target price of C$27.88.

Gibson Energy Trading Up 0.7%

The firm has a market cap of C$5.06 billion, a price-to-earnings ratio of 32.96, a P/E/G ratio of 1.85 and a beta of 0.21. The business has a 50-day moving average of C$28.90 and a 200-day moving average of C$27.27. The company has a debt-to-equity ratio of 281.88, a current ratio of 1.17 and a quick ratio of 0.87.

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

Gibson Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 17th. Shareholders of record on Friday, April 17th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date of this dividend was Monday, March 30th. Gibson Energy’s payout ratio is 195.51%.

About Gibson Energy

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.