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

Gibson Energy Inc. (TSE:GEI) 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.

Analyst Upgrades and Downgrades

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

Gibson Energy Stock Performance

The company has a quick ratio of 0.87, a current ratio of 1.17 and a debt-to-equity ratio of 281.88. The company has a 50-day moving average price of C$28.91 and a 200-day moving average price of C$27.23. The firm has a market capitalization of C$5.03 billion, a price-to-earnings ratio of 32.74, a P/E/G ratio of 1.85 and a beta of 0.21.

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

Gibson Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 17th. Investors of record on Friday, April 17th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, March 30th. This represents a $1.80 annualized dividend and a yield of 6.2%. Gibson Energy’s 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.