Gibson Energy (TSE:GEI) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Shares of Gibson Energy Inc. (TSE:GEI) crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of C$29.92 and traded as high as C$31.53. Gibson Energy shares last traded at C$31.02, with a volume of 646,164 shares changing hands.

Analysts Set New Price Targets

Several equities analysts recently commented on GEI shares. ATB Cormark Capital Markets boosted their price target 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. Jefferies Financial Group lowered shares of Gibson Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. National Bank Financial boosted their target price on shares of Gibson Energy from C$33.00 to C$34.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Raymond James Financial raised their price target on shares of Gibson Energy from C$35.00 to C$36.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Finally, TD lifted their target price on Gibson Energy from C$34.00 to C$35.00 and gave the stock a “buy” rating in a research report on Tuesday, September 1st. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$32.80.

Gibson Energy Price Performance

The company has a market cap of C$5.41 billion, a P/E ratio of 31.35, a P/E/G ratio of 1.85 and a beta of -0.00. The company’s 50-day moving average price is C$31.36 and its two-hundred day moving average price is C$29.93. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 294.95.

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

Gibson Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Friday, July 17th were issued a $0.45 dividend. The ex-dividend date of this dividend was Monday, June 29th. This represents a $1.80 annualized dividend and a dividend yield of 5.7%. Gibson Energy’s payout ratio is 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.