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

Gibson Energy Inc. (TSE:GEI) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$23.25 and traded as high as C$25.26. Gibson Energy shares last traded at C$25.01, with a volume of 677,738 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on GEI. Scotiabank increased their price objective on Gibson Energy from C$25.00 to C$26.00 in a research report on Thursday, December 5th. JPMorgan Chase & Co. dropped their price objective on shares of Gibson Energy from C$27.00 to C$26.00 in a research note on Wednesday, October 2nd. Wells Fargo & Company downgraded shares of Gibson Energy from an “overweight” rating to an “equal weight” rating in a report on Wednesday, December 18th. Raymond James raised their target price on shares of Gibson Energy from C$28.50 to C$30.00 in a report on Thursday, December 5th. Finally, TD Securities set a C$25.00 price target on Gibson Energy and gave the company a “hold” rating in a research note on Wednesday, January 15th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$26.90.

Gibson Energy Trading Down 1.3 %

The firm’s 50-day simple moving average is C$24.65 and its 200 day simple moving average is C$23.25. 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 firm has a market capitalization of C$4.07 billion, a price-to-earnings ratio of 23.59, a P/E/G ratio of 1.85 and a beta of 1.25.

Gibson Energy (TSE:GEI) last posted its quarterly earnings results on Tuesday, October 29th. The company reported C$0.33 EPS for the quarter, topping analysts’ consensus estimates of C$0.32 by C$0.01. Gibson Energy had a return on equity of 23.48% and a net margin of 1.42%. During the same quarter in the previous year, the company posted $0.21 earnings per share.

Insiders Place Their Bets

In related news, Senior Officer Kelly Holtby purchased 2,010 shares of the stock in a transaction dated Monday, December 30th. The stock was bought at an average cost of C$24.85 per share, for a total transaction of C$49,948.50. Also, Director Curtis Philippon acquired 40,000 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were purchased at an average cost of C$25.46 per share, for a total transaction of C$1,018,400.00. Insiders own 0.85% of the company’s stock.

Gibson Energy Company Profile

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.