Gibson Energy (TSE:GEI) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Gibson Energy Inc. (TSE:GEI) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$29.07 and traded as high as C$31.70. Gibson Energy shares last traded at C$31.12, with a volume of 731,978 shares traded.

Analysts Set New Price Targets

A number of research firms recently commented on GEI. BMO Capital Markets increased their price target on Gibson Energy from C$29.00 to C$32.00 in a research report on Tuesday, July 28th. Canadian Imperial Bank of Commerce upped their target price on shares of Gibson Energy from C$33.00 to C$34.00 in a research report on Wednesday, July 29th. National Bank Financial boosted their price objective on shares of Gibson Energy from C$33.00 to C$34.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. JPMorgan Chase & Co. raised their price target on Gibson Energy from C$29.00 to C$30.00 in a research report on Thursday, July 30th. Finally, Jefferies Financial Group lowered shares of Gibson Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$32.50.

Gibson Energy Stock Performance

The company has a market capitalization of C$5.37 billion, a P/E ratio of 31.12, a PEG ratio of 1.85 and a beta of 0.12. The stock’s fifty day moving average price is C$30.10 and its 200-day moving average price is C$29.07. The company has a debt-to-equity ratio of 294.95, a quick ratio of 0.87 and a current ratio of 1.07.

Gibson Energy (TSE:GEI) last issued 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 company had revenue of C$4.83 billion during the quarter.

Gibson Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Friday, July 17th were given a $0.45 dividend. The ex-dividend date of this dividend was Monday, June 29th. This represents a $1.80 annualized dividend and a dividend yield of 5.8%. 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.