Gibson Energy (TSE:GEI) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Gibson Energy Inc. (TSE:GEI) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$29.58 and traded as high as C$31.32. Gibson Energy shares last traded at C$31.00, with a volume of 277,386 shares changing hands.

Analyst Ratings Changes

Several research analysts have weighed in on GEI shares. ATB Cormark Capital Markets increased their price objective on Gibson Energy from C$32.00 to C$34.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Canadian Imperial Bank of Commerce boosted their target price on shares of Gibson Energy from C$33.00 to C$34.00 in a research report on Wednesday, July 29th. TD Securities upgraded shares of Gibson Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 26th. Raymond James Financial raised their price objective on 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. Finally, Royal Bank Of Canada boosted their target price on shares of Gibson Energy from C$30.00 to C$33.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$32.50.

Gibson Energy Stock Performance

The company has a debt-to-equity ratio of 294.95, a current ratio of 1.07 and a quick ratio of 0.87. The stock has a fifty day simple moving average of C$30.74 and a two-hundred day simple moving average of C$29.58. The firm has a market capitalization of C$5.35 billion, a P/E ratio of 31.00, a P/E/G ratio of 1.85 and a beta of 0.12.

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

Gibson Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Friday, July 17th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date was Monday, June 29th. Gibson Energy’s payout ratio 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.