Gibson Energy (TSE:GEI) Share Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Gibson Energy shares rose above their 200-day moving average, reaching C$31.76 and closing at C$31.54, compared with a 200-day average of C$29.44.
• Analyst sentiment remains positive overall, with a consensus rating of “Moderate Buy” and an average price target of C$32.50, although Jefferies downgraded the stock to “hold.”
• Gibson reported quarterly EPS of C$0.48 on C$4.83 billion in revenue and maintains a quarterly dividend of $0.45 per share, equal to a 5.7% annualized yield; however, its 176% payout ratio is notably high.

Gibson Energy Inc. (TSE:GEI - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$29.44 and traded as high as C$31.76. Gibson Energy shares last traded at C$31.54, with a volume of 443,602 shares changing hands.

Analyst Ratings Changes

Several analysts recently issued reports on GEI shares. Jefferies Financial Group lowered Gibson Energy from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 22nd. TD Securities upgraded Gibson Energy from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 26th. Royal Bank Of Canada boosted their target price on 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. JPMorgan Chase & Co. upped their target price on Gibson Energy from C$29.00 to C$30.00 in a research report on Thursday, July 30th. Finally, BMO Capital Markets raised their price target on Gibson Energy from C$29.00 to C$32.00 in a research note on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$32.50.

Gibson Energy Price Performance

The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 294.95. The company has a market capitalization of C$5.44 billion, a P/E ratio of 31.54, a P/E/G ratio of 1.85 and a beta of 0.12. The company's 50-day simple moving average is C$30.52 and its 200 day simple moving average is C$29.44.

Gibson Energy (TSE:GEI - Get Free Report) last announced its quarterly earnings results on Monday, July 27th. The company reported C$0.48 EPS for the quarter. Gibson Energy had a net margin of 1.32% and a return on equity of 18.23%. The company had revenue of C$4.83 billion for the quarter.

Gibson Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Friday, July 17th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 5.7%. The ex-dividend date was Monday, June 29th. Gibson Energy's dividend payout ratio (DPR) is 176.00%.

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.

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