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

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$27.62 and traded as high as C$30.19. Gibson Energy shares last traded at C$29.44, with a volume of 1,296,148 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. National Bank Financial boosted their target price on Gibson Energy from C$30.00 to C$33.00 and gave the company an “outperform” rating in a research note on Monday, June 1st. TD raised Gibson Energy from a “hold” rating to a “buy” rating and boosted their target price for the company from C$29.00 to C$32.00 in a research note on Tuesday, May 26th. Finally, TD Securities raised Gibson Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 26th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$28.21.

Gibson Energy Price Performance

The business has a 50-day simple moving average of C$28.76 and a 200 day simple moving average of C$27.62. The firm has a market cap of C$5.08 billion, a P/E ratio of 33.08, a price-to-earnings-growth ratio of 1.85 and a beta of 0.11. The company has a debt-to-equity ratio of 281.88, a quick ratio of 0.87 and a current ratio of 1.17.

Gibson Energy (TSE:GEI) last released its quarterly earnings results on Monday, May 4th. The company reported C($0.01) EPS for the quarter. The business had revenue of C$2.75 billion for the quarter. Gibson Energy had a net margin of 1.37% and a return on equity of 16.60%.

Gibson Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 17th. Shareholders of record on Friday, April 17th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, March 30th. This represents a $1.80 dividend on an annualized basis and a yield of 6.1%. Gibson Energy’s dividend payout ratio is presently 195.51%.

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.