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

Key Points

• Gibson Energy shares rose above their 200-day moving average, reaching C$31.24 and last trading at C$30.89, compared with a 200-day average of C$29.83.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of C$32.80; recent targets range from C$31 to C$34, although Jefferies downgraded the stock to “hold.”
• The company reported C$0.48 in quarterly EPS on C$4.83 billion in revenue and pays a quarterly dividend of $0.45, equivalent to a 5.8% yield, though its 176% payout ratio is notably high.

Gibson Energy Inc. (TSE:GEI - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$29.83 and traded as high as C$31.24. Gibson Energy shares last traded at C$30.89, with a volume of 373,276 shares traded.

Analyst Ratings Changes

GEI has been the subject of several research analyst reports. Scotiabank upped their price objective on Gibson Energy from C$29.00 to C$31.00 and gave the company a "sector perform" rating in a report on Tuesday, July 21st. BMO Capital Markets lifted their target price on Gibson Energy from C$29.00 to C$32.00 in a report on Tuesday, July 28th. Royal Bank Of Canada boosted their price target on shares of Gibson Energy from C$30.00 to C$33.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 29th. Jefferies Financial Group downgraded shares of Gibson Energy from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 22nd. Finally, Canadian Imperial Bank of Commerce upped their price target on shares of Gibson Energy from C$33.00 to C$34.00 in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of C$32.80.

Gibson Energy Stock Performance

The firm's 50-day moving average price is C$31.18 and its two-hundred day moving average price is C$29.83. 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 firm has a market capitalization of C$5.33 billion, a PE ratio of 30.89, a P/E/G ratio of 1.85 and a beta of -0.00.

Gibson Energy (TSE:GEI - Get Free Report) last issued 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 business had revenue of C$4.83 billion during the quarter.

Gibson Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Friday, July 17th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 5.8%. The ex-dividend date of this dividend was Monday, June 29th. Gibson Energy's payout ratio 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.

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