Gibson Energy (TSE:GEI) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Gibson Energy Inc. (TSE:GEI) passed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of C$30.21 and traded as high as C$33.41. Gibson Energy shares last traded at C$33.25, with a volume of 414,678 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Royal Bank Of Canada raised their price objective on Gibson Energy from C$30.00 to C$33.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. TD raised their target price on shares of Gibson Energy from C$34.00 to C$35.00 and gave the stock a “buy” rating in a report on Tuesday, September 1st. ATB Cormark Capital Markets lifted their target price on Gibson Energy from C$34.00 to C$35.00 in a research note on Wednesday, September 30th. Canadian Imperial Bank of Commerce lowered Gibson Energy from an “outperformer” rating to a “neutral” rating and set a C$34.00 target price for the company. in a report on Thursday. Finally, BMO Capital Markets increased their price target on Gibson Energy from C$29.00 to C$32.00 in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$32.90.

Gibson Energy Stock Down 1.7%

The firm’s 50-day moving average price is C$31.64 and its 200 day moving average price is C$30.26. The firm has a market cap of C$5.70 billion, a P/E ratio of 33.01, a price-to-earnings-growth ratio of 1.85 and a beta of -0.03. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 294.95.

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

Gibson Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Friday, October 16th were paid a $0.45 dividend. The ex-dividend date was Tuesday, September 29th. This represents a $1.80 annualized dividend and a dividend yield of 5.5%. Gibson Energy’s dividend payout ratio (DPR) 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.