Gibson Energy (TSE:GEI) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Shares of Gibson Energy Inc. (TSE:GEI) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$26.98 and traded as high as C$29.07. Gibson Energy shares last traded at C$28.92, with a volume of 570,149 shares traded.

Analyst Ratings Changes

Separately, TD Securities lifted their price target on shares of Gibson Energy from C$26.00 to C$29.00 and gave the company a “hold” rating in a research note on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$27.50.

Gibson Energy Price Performance

The company has a debt-to-equity ratio of 281.88, a current ratio of 1.17 and a quick ratio of 0.87. The firm has a fifty day moving average of C$28.96 and a two-hundred day moving average of C$26.98. The stock has a market capitalization of C$4.99 billion, a P/E ratio of 32.49, a P/E/G ratio of 1.85 and a beta of 0.21.

Gibson Energy (TSE:GEI) last released its quarterly earnings data on Monday, May 4th. The company reported C($0.01) earnings per share for the quarter. The business had revenue of C$2.75 billion during the quarter. Gibson Energy had a return on equity of 16.60% and a net margin of 1.37%.

Gibson Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 17th. Investors of record on Friday, April 17th were paid a $0.45 dividend. The ex-dividend date of this dividend was Monday, March 30th. This represents a $1.80 dividend on an annualized basis and a yield of 6.2%. Gibson Energy’s payout ratio is 195.51%.

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.