Gibson Energy Inc. (TSE:GEI - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$22.59 and traded as high as C$22.76. Gibson Energy shares last traded at C$22.64, with a volume of 421,573 shares traded.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on the company. Royal Bank of Canada upped their target price on Gibson Energy from C$27.00 to C$28.00 and gave the stock an "outperform" rating in a research report on Thursday, October 3rd. BMO Capital Markets upped their target price on Gibson Energy from C$25.00 to C$25.50 in a research report on Thursday, September 5th. Raymond James set a C$28.50 target price on Gibson Energy and gave the stock a "strong-buy" rating in a research report on Friday, October 11th. JPMorgan Chase & Co. decreased their target price on Gibson Energy from C$27.00 to C$26.00 in a research report on Wednesday, October 2nd. Finally, National Bankshares boosted their price target on Gibson Energy from C$25.00 to C$26.00 and gave the stock an "outperform" rating in a research note on Friday, August 23rd. One research 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. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of C$26.00.
Read Our Latest Report on Gibson Energy
Gibson Energy Price Performance
The company has a 50 day simple moving average of C$22.72 and a 200-day simple moving average of C$22.59. The stock has a market cap of C$3.68 billion, a price-to-earnings ratio of 21.30, a PEG ratio of 1.85 and a beta of 1.25. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 292.01.
Gibson Energy Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 7.26%. The ex-dividend date of this dividend is Tuesday, December 31st. Gibson Energy's payout ratio is 154.72%.
Insider Transactions at Gibson Energy
In related news, Director Curtis Philippon purchased 23,000 shares of the company's stock in a transaction dated Wednesday, September 4th. The shares were acquired at an average cost of C$22.03 per share, for a total transaction of C$506,690.00. Insiders own 0.85% of the company's stock.
Gibson Energy Company Profile
(
Get Free Report)
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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