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

Shares of Gibson Energy Inc. (TSE:GEI) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$24.45 and traded as high as C$25.01. Gibson Energy shares last traded at C$24.93, with a volume of 936,929 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. TD Securities lowered their price objective on Gibson Energy from C$24.00 to C$23.00 and set a “hold” rating for the company in a research report on Tuesday, November 4th. National Bankshares boosted their price target on shares of Gibson Energy from C$24.00 to C$25.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 30th. ATB Capital increased their price objective on shares of Gibson Energy from C$26.00 to C$27.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. CIBC decreased their price objective on shares of Gibson Energy from C$27.00 to C$26.00 in a research report on Wednesday, November 5th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Gibson Energy from C$24.00 to C$25.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Gibson Energy currently has a consensus rating of “Hold” and a consensus price target of C$25.86.

Gibson Energy Stock Up 3.0%

The company has a debt-to-equity ratio of 278.33, a current ratio of 0.70 and a quick ratio of 0.87. The company has a market cap of C$4.08 billion, a price-to-earnings ratio of 27.10, a P/E/G ratio of 1.85 and a beta of 0.25. The firm’s 50 day simple moving average is C$24.81 and its 200-day simple moving average is C$24.45.

Gibson Energy (TSE:GEI) last released its quarterly earnings results on Monday, November 3rd. The company reported C$0.28 earnings per share (EPS) for the quarter. Gibson Energy had a return on equity of 22.60% and a net margin of 1.73%.The firm had revenue of C$2.88 billion for the quarter.

About Gibson Energy

Gibson Energy Inc is an oil infrastructure company that collects, stores, and processes crude oil and refined products. Reportable segments include marketing, which deals with buying, selling, and optimizing products such as crude oil, natural gas liquid, road asphalt, and oil-based mud product; and infrastructure, which makes up a system of oil terminals, rail loading facilities, pipelines, and an oil processing facility.