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

Gibson Energy Inc. (TSE:GEI)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$27.23 and traded as high as C$29.51. Gibson Energy shares last traded at C$29.14, with a volume of 181,669 shares.

Analysts Set New Price Targets

Separately, TD Securities boosted their target price on Gibson Energy from C$26.00 to C$29.00 and gave the stock a “hold” rating in a report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$27.50.

Gibson Energy Price Performance

The company has a market cap of C$5.03 billion, a P/E ratio of 32.74, a PEG ratio of 1.85 and a beta of 0.21. The company has a fifty day simple moving average of C$28.91 and a 200-day simple moving average of C$27.23. The company has a debt-to-equity ratio of 281.88, a current ratio of 1.17 and a quick ratio of 0.87.

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

Gibson Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 17th. Shareholders of record on Friday, April 17th were issued a $0.45 dividend. The ex-dividend date of this dividend was Monday, March 30th. This represents a $1.80 annualized dividend and a dividend yield of 6.2%. Gibson Energy’s dividend payout ratio is currently 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.