Gibson Energy (TSE:GEI) Sets New 52-Week High – Time to Buy?

Gibson Energy Inc. (TSE:GEI)’s share price reached a new 52-week high on Tuesday . The company traded as high as C$30.45 and last traded at C$30.37, with a volume of 124885 shares traded. The stock had previously closed at C$29.91.

Wall Street Analysts Forecast Growth

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

Gibson Energy Price Performance

The stock has a fifty day simple moving average of C$28.23 and a two-hundred day simple moving average of C$26.20. The company has a market cap of C$5.17 billion, a PE ratio of 25.03, a price-to-earnings-growth ratio of 1.85 and a beta of 0.31. The company has a current ratio of 1.05, a quick ratio of 0.87 and a debt-to-equity ratio of 346.20.

Gibson Energy (TSE:GEI) last issued its earnings results on Tuesday, February 17th. The company reported C$0.25 earnings per share (EPS) for the quarter. The business had revenue of C$2.30 billion during the quarter. Gibson Energy had a return on equity of 22.62% and a net margin of 1.85%.

Gibson Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 17th. Investors of record on Friday, April 17th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend is Monday, March 30th. Gibson Energy’s dividend payout ratio is currently 143.33%.

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.