Gibson Energy (TSE:GEI) Stock Crosses Above 200 Day Moving Average – Time to Sell?

Gibson Energy Inc. (TSE:GEI) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$24.12 and traded as high as C$24.22. Gibson Energy shares last traded at C$24.05, with a volume of 526,828 shares changing hands.

Analyst Upgrades and Downgrades

GEI has been the subject of a number of recent research reports. Royal Bank Of Canada raised their target price on shares of Gibson Energy from C$25.00 to C$26.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Wells Fargo & Company raised their target price on shares of Gibson Energy from C$23.00 to C$24.00 in a report on Wednesday, July 30th. BMO Capital Markets lowered shares of Gibson Energy from an “outperform” rating to a “hold” rating and raised their target price for the company from C$26.00 to C$27.00 in a report on Monday, September 8th. Scotiabank lowered shares of Gibson Energy from an “outperform” rating to a “hold” rating and cut their target price for the company from C$27.00 to C$25.00 in a report on Monday, October 20th. Finally, ATB Capital raised their target price on shares of Gibson Energy from C$26.00 to C$27.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$26.23.

Gibson Energy Price Performance

The company has a quick ratio of 0.87, a current ratio of 0.70 and a debt-to-equity ratio of 278.33. The firm’s 50 day simple moving average is C$25.61 and its 200 day simple moving average is C$24.12. The company has a market capitalization of C$3.94 billion, a PE ratio of 24.79, a price-to-earnings-growth ratio of 1.85 and a beta of 0.27.

Gibson Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 7.2%. Gibson Energy’s payout ratio is 173.20%.

Insider Buying and Selling

In other news, Director Maria Hooper acquired 5,000 shares of the company’s stock in a transaction on Monday, August 18th. The stock was bought at an average cost of C$25.72 per share, with a total value of C$128,600.00. Following the completion of the purchase, the director directly owned 5,000 shares of the company’s stock, valued at C$128,600. This represents a ? increase in their ownership of the stock. 0.85% of the stock is owned by insiders.

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.