Gibson Energy Inc. (TSE:GEI - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$22.60 and traded as high as C$23.30. Gibson Energy shares last traded at C$23.24, with a volume of 619,512 shares trading hands.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on GEI. JPMorgan Chase & Co. lowered their target price on shares of Gibson Energy from C$27.00 to C$26.00 in a report on Wednesday, October 2nd. BMO Capital Markets upped their price objective on Gibson Energy from C$25.00 to C$25.50 in a research note on Thursday, September 5th. National Bankshares raised their target price on Gibson Energy from C$25.00 to C$26.00 and gave the company an "outperform" rating in a research report on Friday, August 23rd. Royal Bank of Canada lifted their price target on Gibson Energy from C$27.00 to C$28.00 and gave the stock an "outperform" rating in a research note on Thursday, October 3rd. Finally, Raymond James set a C$28.50 price objective on Gibson Energy and gave the company a "strong-buy" rating in a research report on Friday, October 11th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Gibson Energy presently has a consensus rating of "Buy" and an average target price of C$26.00.
Check Out Our Latest Stock Report on GEI
Gibson Energy Stock Performance
The stock's 50 day simple moving average is C$22.82 and its two-hundred day simple moving average is C$22.60. The company has a debt-to-equity ratio of 292.01, a current ratio of 1.18 and a quick ratio of 0.87. The company has a market capitalization of C$3.78 billion, a P/E ratio of 21.92, a P/E/G ratio of 1.85 and a beta of 1.25.
Gibson Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be issued a $0.41 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.64 annualized dividend and a dividend yield of 7.05%. Gibson Energy's dividend payout ratio is currently 154.72%.
Insider Buying and Selling at Gibson Energy
In related news, Director Curtis Philippon purchased 23,000 shares of the business's stock in a transaction that occurred on Wednesday, September 4th. The shares were bought at an average cost of C$22.03 per share, with a total value of C$506,690.00. Insiders own 0.85% of the company's stock.
About Gibson Energy
(
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Gibson Energy Inc, together with its subsidiaries, engages in the gathering, storage, optimization, processing, and marketing of liquids and refined products in Canada and the United States. It operates through Infrastructure and Marketing segments. The Infrastructure segment operates a network of liquid infrastructure assets that include oil terminals, rail loading and unloading facilities, gathering pipelines, a crude oil processing facility, and other terminals.
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