Gibson Energy (TSE:GEI) Shares Break Above Two Hundred Day Moving Average – What’s Next?

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$30.06 and traded as high as C$32.32. Gibson Energy shares last traded at C$32.20, with a volume of 454,801 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on GEI shares. Jefferies Financial Group downgraded shares of Gibson Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 22nd. TD raised their price target on Gibson Energy from C$34.00 to C$35.00 and gave the stock a “buy” rating in a research note on Tuesday, September 1st. Royal Bank Of Canada raised their price objective on shares of Gibson Energy from C$30.00 to C$33.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. ATB Cormark Capital Markets upped their price target on shares of Gibson Energy from C$34.00 to C$35.00 in a research report on Wednesday, September 30th. Finally, Raymond James Financial lifted their price objective on shares of Gibson Energy from C$35.00 to C$36.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Gibson Energy has an average rating of “Moderate Buy” and a consensus price target of C$32.90.

Gibson Energy Stock Performance

The firm’s 50 day moving average price is C$31.36 and its 200-day moving average price is C$30.06. The company has a debt-to-equity ratio of 294.95, a quick ratio of 0.87 and a current ratio of 1.07. The firm has a market capitalization of C$5.56 billion, a PE ratio of 32.20, a price-to-earnings-growth ratio of 1.85 and a beta of -0.03.

Gibson Energy (TSE:GEI) last announced its earnings results on Monday, July 27th. The company reported C$0.48 earnings per share for the quarter. Gibson Energy had a net margin of 1.32% and a return on equity of 18.23%. The firm had revenue of C$4.83 billion for the quarter.

Gibson Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Friday, October 16th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.6%. Gibson Energy’s dividend payout ratio (DPR) 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.