Gibson Energy Inc. (TSE:GEI – Get Free Report) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$29.44 and traded as high as C$31.76. Gibson Energy shares last traded at C$31.54, with a volume of 443,602 shares changing hands.
Wall Street Analysts Forecast Growth
GEI has been the topic of several research analyst reports. ATB Cormark Capital Markets upped their price target on shares of Gibson Energy from C$32.00 to C$34.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Raymond James Financial boosted their target price on Gibson Energy from C$35.00 to C$36.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Royal Bank Of Canada upped their target price on Gibson Energy from C$30.00 to C$33.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. TD raised Gibson Energy from a “hold” rating to a “buy” rating and raised their price target for the company from C$29.00 to C$32.00 in a report on Tuesday, May 26th. Finally, National Bank Financial lifted their price target on Gibson Energy from C$33.00 to C$34.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Gibson Energy has an average rating of “Moderate Buy” and a consensus price target of C$32.50.
Gibson Energy Stock Performance
Gibson Energy (TSE:GEI – Get Free Report) last released its earnings results on Monday, July 27th. The company reported C$0.48 EPS for the quarter. Gibson Energy had a return on equity of 18.23% and a net margin of 1.32%.The business had revenue of C$4.83 billion for the quarter.
Gibson Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Friday, July 17th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend was Monday, June 29th. Gibson Energy’s dividend payout ratio (DPR) is currently 176.00%.
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.
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