Gibson Energy (TSE:GEI) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Gibson Energy Inc. (TSE:GEI)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$29.07 and traded as high as C$31.70. Gibson Energy shares last traded at C$31.12, with a volume of 731,978 shares.

Analyst Upgrades and Downgrades

GEI has been the subject of several recent research reports. TD upgraded Gibson Energy from a “hold” rating to a “buy” rating and upped their price target for the stock from C$29.00 to C$32.00 in a report on Tuesday, May 26th. JPMorgan Chase & Co. increased their target price on shares of Gibson Energy from C$29.00 to C$30.00 in a report on Thursday, July 30th. Jefferies Financial Group cut shares of Gibson Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Royal Bank Of Canada increased their price objective on shares of 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. Finally, National Bank Financial upped their target price on Gibson Energy from C$33.00 to C$34.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Gibson Energy has an average rating of “Moderate Buy” and an average price target of C$32.50.

Gibson Energy Stock Performance

The company has a debt-to-equity ratio of 294.95, a current ratio of 1.07 and a quick ratio of 0.87. The stock has a market capitalization of C$5.37 billion, a P/E ratio of 31.12, a price-to-earnings-growth ratio of 1.85 and a beta of 0.12. The company has a 50 day simple moving average of C$30.10 and a 200-day simple moving average of C$29.07.

Gibson Energy (TSE:GEI) last issued its earnings results 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 during the quarter. Gibson Energy had a net margin of 1.32% and a return on equity of 18.23%.

Gibson Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Friday, July 17th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date was Monday, June 29th. Gibson Energy’s dividend payout ratio (DPR) is 176.00%.

Gibson Energy Company Profile

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.