Gibson Energy (TSE:GEI) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Gibson Energy Inc. (TSE:GEIGet Free Report)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$27.62 and traded as high as C$30.19. Gibson Energy shares last traded at C$29.44, with a volume of 1,296,148 shares.

Analysts Set New Price Targets

GEI has been the subject of several research reports. TD upgraded shares of Gibson Energy from a “hold” rating to a “buy” rating and raised their price objective for the stock from C$29.00 to C$32.00 in a research report on Tuesday, May 26th. TD Securities upgraded shares of Gibson Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 26th. Finally, National Bank Financial raised their price target on shares of Gibson Energy from C$30.00 to C$33.00 and gave the stock an “outperform” rating in a report on Monday, June 1st. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$28.21.

Read Our Latest Research Report on GEI

Gibson Energy Stock Performance

The company has a debt-to-equity ratio of 281.88, a quick ratio of 0.87 and a current ratio of 1.17. The company has a market capitalization of C$5.11 billion, a P/E ratio of 33.30, a price-to-earnings-growth ratio of 1.85 and a beta of 0.11. The business has a 50 day moving average of C$28.74 and a 200-day moving average of C$27.68.

Gibson Energy (TSE:GEIGet Free Report) last issued its quarterly earnings results on Monday, May 4th. The company reported C($0.01) earnings per share (EPS) 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 Announces Dividend

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

About Gibson Energy

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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.

Further Reading

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