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

Gibson Energy Inc. (TSE:GEI) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$25.13 and traded as high as C$25.85. Gibson Energy shares last traded at C$25.63, with a volume of 200,960 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GEI. Royal Bank Of Canada boosted their target price on shares of Gibson Energy from C$26.00 to C$28.00 in a research report on Wednesday, December 3rd. TD Securities increased their target price on Gibson Energy from C$23.00 to C$26.00 and gave the stock a “hold” rating in a report on Monday, January 12th. Scotiabank lowered Gibson Energy from an “outperform” rating to a “hold” rating and decreased their target price for the stock from C$27.00 to C$25.00 in a research report on Monday, October 20th. Natl Bk Canada raised Gibson Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. Finally, National Bankshares set a C$29.00 price objective on Gibson Energy and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Gibson Energy currently has an average rating of “Moderate Buy” and a consensus target price of C$27.23.

Gibson Energy Trading Down 0.0%

The company has a debt-to-equity ratio of 278.33, a quick ratio of 0.87 and a current ratio of 0.70. The company has a market capitalization of C$4.21 billion, a price-to-earnings ratio of 27.90, a price-to-earnings-growth ratio of 1.85 and a beta of 0.22. The business’s 50 day moving average price is C$25.31 and its two-hundred day moving average price is C$25.15.

Gibson Energy (TSE:GEI) last issued its quarterly earnings results on Monday, November 3rd. The company reported C$0.28 earnings per share (EPS) for the quarter. Gibson Energy had a return on equity of 22.60% and a net margin of 1.73%.The firm had revenue of C$2.88 billion during the quarter.

Insider Buying and Selling

In other Gibson Energy news, Director Craig Richardson purchased 1,000 shares of the company’s stock in a transaction on Monday, December 15th. The shares were purchased at an average cost of C$26.07 per share, for a total transaction of C$26,070.00. Following the completion of the transaction, the director owned 2,000 shares in the company, valued at C$52,140. The trade was a 100.00% increase in their ownership of the stock. Company insiders own 0.85% of the company’s stock.

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. Gibson Energy Inc services Canada and the United States, and the majority of revenue comes from the marketing segment.