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

Shares of 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$22.82 and traded as high as C$24.87. Gibson Energy shares last traded at C$24.46, with a volume of 737,459 shares trading hands.

Analysts Set New Price Targets

A number of research firms have recently commented on GEI. Raymond James lifted their price target on shares of Gibson Energy from C$28.50 to C$30.00 in a research report on Thursday, December 5th. BMO Capital Markets raised shares of Gibson Energy from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from C$25.50 to C$28.00 in a research report on Thursday, December 5th. Jefferies Financial Group raised their price target on Gibson Energy from C$25.00 to C$26.00 in a research report on Thursday, December 5th. CIBC boosted their price objective on Gibson Energy from C$27.00 to C$29.00 in a research report on Thursday, December 5th. Finally, National Bankshares increased their target price on Gibson Energy from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research note on Friday, August 23rd. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$27.11.

Gibson Energy Stock Performance

The firm has a fifty day simple moving average of C$23.56 and a 200 day simple moving average of C$22.82. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 292.01. The stock has a market cap of C$3.98 billion, a price-to-earnings ratio of 23.08, a PEG ratio of 1.85 and a beta of 1.25.

Gibson Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be given a $0.41 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.64 annualized dividend and a yield of 6.70%. Gibson Energy’s dividend payout ratio (DPR) is currently 154.72%.

Insider Buying and Selling at Gibson Energy

In related news, Director Curtis Philippon acquired 40,000 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were bought at an average cost of C$25.46 per share, with a total value of C$1,018,400.00. Insiders own 0.85% of the company’s stock.

About Gibson Energy

Gibson Energy Inc, together with its subsidiaries, engages in the gathering, storage, optimization, processing, and marketing of liquids and refined products in Canada and the United States. It operates through Infrastructure and Marketing segments. The Infrastructure segment operates a network of liquid infrastructure assets that include oil terminals, rail loading and unloading facilities, gathering pipelines, a crude oil processing facility, and other terminals.