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

Shares of Gibson Energy Inc. (TSE:GEI - Get Free Report) 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.

Analysts Set New Price Targets

A number of brokerages have issued reports on GEI. Scotiabank upped their target price on Gibson Energy from C$25.00 to C$26.00 in a research report on Thursday, December 5th. JPMorgan Chase & Co. reduced their price objective on shares of Gibson Energy from C$27.00 to C$26.00 in a research note on Wednesday, October 2nd. Jefferies Financial Group boosted their target price on shares of Gibson Energy from C$25.00 to C$26.00 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 increased their price target for the stock from C$25.50 to C$28.00 in a research report on Thursday, December 5th. Finally, National Bankshares lifted their price target on Gibson Energy from C$25.00 to C$26.00 and gave the stock 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 given a strong buy rating to the stock. According to data from MarketBeat, Gibson Energy currently has a consensus rating of "Buy" and an average price target of C$27.11.

Gibson Energy Stock Performance

The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 292.01. The firm's 50 day moving average is C$23.56 and its two-hundred day moving average is C$22.82. The stock has a market cap of C$3.96 billion, a price-to-earnings ratio of 23.08, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25.

Gibson Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date of this dividend is Tuesday, December 31st. Gibson Energy's payout ratio is 154.72%.

Insider Buying and Selling

In other news, Director Curtis Philippon acquired 40,000 shares of the company's stock in a transaction that occurred on Monday, December 9th. The shares were acquired at an average price of C$25.46 per share, with a total value of C$1,018,400.00. Company insiders own 0.85% of the company's stock.

Gibson Energy Company Profile

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.