Gibson Energy (TSE:GEI) Stock Passes Above 200 Day Moving Average – Time to Sell?

Gibson Energy Inc. (TSE:GEI)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$25.91 and traded as high as C$29.59. Gibson Energy shares last traded at C$29.08, with a volume of 1,000,056 shares.

Analyst Ratings Changes

GEI has been the subject of a number of analyst reports. TD Securities boosted their price objective on Gibson Energy from C$26.00 to C$29.00 and gave the company a “hold” rating in a research report on Wednesday, February 18th. BMO Capital Markets increased their target price on Gibson Energy from C$25.00 to C$27.00 in a research report on Wednesday, December 3rd. Canadian Imperial Bank of Commerce raised their target price on Gibson Energy from C$26.00 to C$30.00 in a research note on Wednesday, December 3rd. National Bank Financial set a C$29.00 price target on shares of Gibson Energy and gave the company an “outperform” rating in a report on Wednesday, December 17th. Finally, Royal Bank Of Canada upped their price target on shares of Gibson Energy from C$26.00 to C$28.00 in a research report on Wednesday, December 3rd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Gibson Energy has a consensus rating of “Moderate Buy” and an average target price of C$27.50.

Gibson Energy Stock Down 1.8%

The firm has a market cap of C$5.00 billion, a price-to-earnings ratio of 24.23, a price-to-earnings-growth ratio of 1.85 and a beta of 0.31. The stock’s 50 day moving average is C$27.21 and its 200 day moving average is C$25.91. The company has a quick ratio of 0.87, a current ratio of 1.05 and a debt-to-equity ratio of 346.20.

Insider Activity

In other news, Director Craig Richardson acquired 1,000 shares of the company’s stock in a transaction dated Monday, December 15th. The shares were bought at an average price of C$26.07 per share, with a total value of C$26,070.00. Following the purchase, the director owned 2,000 shares of the company’s stock, valued at approximately C$52,140. This represents a 100.00% increase in their ownership of the stock. 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. Gibson Energy Inc services Canada and the United States, and the majority of revenue comes from the marketing segment.