Shares of Gibson Energy Inc. (TSE:GEI – Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$29.83 and traded as high as C$31.24. Gibson Energy shares last traded at C$30.89, with a volume of 373,276 shares.
Analyst Ratings Changes
Several equities analysts have recently issued reports on GEI shares. TD Securities raised Gibson Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 26th. National Bank Financial boosted their price objective on Gibson Energy from C$33.00 to C$34.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Raymond James Financial boosted their price objective on Gibson Energy from C$35.00 to C$36.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Scotiabank upped their target price on shares of Gibson Energy from C$29.00 to C$31.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 21st. Finally, BMO Capital Markets raised their target price on shares of Gibson Energy from C$29.00 to C$32.00 in a research note on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$32.80.
Gibson Energy Stock Up 1.5%
Gibson Energy (TSE:GEI – Get Free Report) last posted its quarterly earnings results on Monday, July 27th. The company reported C$0.48 earnings per share (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 business also recently announced a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Friday, July 17th were paid a $0.45 dividend. The ex-dividend date of this dividend was Monday, June 29th. This represents a $1.80 annualized dividend and a yield of 5.7%. Gibson Energy’s dividend payout ratio is presently 176.00%.
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.
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