Gibson Energy (TSE:GEI) Shares Cross Above 200-Day Moving Average - Time to Sell?

Gibson Energy Inc. (TSE:GEI - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$23.07 and traded as high as C$24.78. Gibson Energy shares last traded at C$24.60, with a volume of 384,311 shares.

Wall Street Analyst Weigh In

Several research firms recently commented on GEI. Raymond James Financial raised their price target on shares of Gibson Energy from C$30.00 to C$30.50 and gave the company a "strong-buy" rating in a research report on Tuesday, June 17th. TD Securities lowered shares of Gibson Energy from a "strong-buy" rating to a "hold" rating and raised their price target for the company from C$24.00 to C$25.00 in a research report on Tuesday, June 17th. Finally, CIBC dropped their price target on shares of Gibson Energy from C$27.00 to C$26.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of C$26.05.

Gibson Energy Trading Up 0.8%

The stock has a market capitalization of C$4.05 billion, a price-to-earnings ratio of 19.14, a PEG ratio of 1.85 and a beta of 1.25. The company's 50-day moving average is C$23.54 and its 200-day moving average is C$23.05. The company has a quick ratio of 0.87, a current ratio of 0.70 and a debt-to-equity ratio of 278.33.

Gibson Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Monday, June 30th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 6.93%. Gibson Energy's dividend payout ratio is presently 126.47%.

Insider Transactions at Gibson Energy

In related news, Senior Officer David Bruce Gosse purchased 2,255 shares of the company's stock in a transaction on Monday, June 9th. The stock was acquired at an average cost of C$23.50 per share, for a total transaction of C$52,992.50. Also, Director Curtis Philippon acquired 15,000 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The stock was acquired at an average price of C$22.26 per share, with a total value of C$333,900.00. Over the last quarter, insiders have acquired 19,460 shares of company stock valued at $436,982. Company insiders own 0.85% of the company's stock.

About Gibson Energy

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.