Gibson Energy (TSE:GEI) Reaches New 52-Week High – Still a Buy?

Shares of Gibson Energy Inc. (TSE:GEI) reached a new 52-week high during trading on Wednesday . The company traded as high as C$30.05 and last traded at C$30.02, with a volume of 109295 shares traded. The stock had previously closed at C$29.67.

Analyst Ratings Changes

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

Gibson Energy Price Performance

The company has a quick ratio of 0.87, a current ratio of 1.05 and a debt-to-equity ratio of 346.20. The company’s fifty day moving average price is C$27.87 and its 200 day moving average price is C$26.09. The company has a market capitalization of C$5.10 billion, a P/E ratio of 24.73, a PEG ratio of 1.85 and a beta of 0.31.

Gibson Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 17th. Shareholders of record on Friday, April 17th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Monday, March 30th. This represents a $1.80 annualized dividend and a yield of 6.1%. Gibson Energy’s payout ratio is currently 143.33%.

Gibson Energy Company Profile

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.