Gibson Energy (TSE:GEI) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Gibson Energy Inc. (TSE:GEI) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$25.13 and traded as high as C$25.85. Gibson Energy shares last traded at C$25.63, with a volume of 200,960 shares traded.

Analyst Ratings Changes

A number of brokerages recently issued reports on GEI. Scotiabank lowered Gibson Energy from an “outperform” rating to a “hold” rating and decreased their price objective for the stock from C$27.00 to C$25.00 in a report on Monday, October 20th. Royal Bank Of Canada boosted their price target on Gibson Energy from C$26.00 to C$28.00 in a research report on Wednesday, December 3rd. CIBC increased their price target on Gibson Energy from C$26.00 to C$30.00 in a research note on Wednesday, December 3rd. BMO Capital Markets raised their price target on Gibson Energy from C$25.00 to C$27.00 in a report on Wednesday, December 3rd. Finally, Natl Bk Canada upgraded shares of Gibson Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 2nd. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$27.23.

Gibson Energy Trading Down 1.0%

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 business has a fifty day moving average of C$25.24 and a 200-day moving average of C$25.13. The stock has a market capitalization of C$4.20 billion, a price-to-earnings ratio of 27.86, a price-to-earnings-growth ratio of 1.85 and a beta of 0.22.

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

Insiders Place Their Bets

In other news, Director Craig Richardson bought 1,000 shares of the firm’s stock in a transaction on Monday, December 15th. The stock was bought at an average cost of C$26.07 per share, for a total transaction of C$26,070.00. Following the completion of the acquisition, the director directly owned 2,000 shares in the company, valued at C$52,140. This represents a 100.00% increase in their position. Corporate insiders own 0.85% of the company’s stock.

Gibson Energy Company Profile

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. Gibson Energy Inc services Canada and the United States, and the majority of revenue comes from the marketing segment.