Gibson Energy (TSE:GEI) Hits New 12-Month High – Should You Buy?

Shares of Gibson Energy Inc. (TSE:GEI) reached a new 52-week high on Tuesday. The stock traded as high as C$32.89 and last traded at C$32.86, with a volume of 325,992 shares trading hands. The stock had previously closed at C$32.20.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. National Bank Financial increased their target price on shares of Gibson Energy from C$33.00 to C$34.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. BMO Capital Markets raised their price objective on Gibson Energy from C$29.00 to C$32.00 in a report on Tuesday, July 28th. Royal Bank Of Canada increased their price objective on Gibson Energy from C$30.00 to C$33.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Jefferies Financial Group lowered Gibson Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Finally, ATB Cormark Capital Markets lifted their target price on Gibson Energy from C$34.00 to C$35.00 in a research report on Wednesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Gibson Energy presently has an average rating of “Moderate Buy” and an average target price of C$32.90.

Gibson Energy Stock Up 1.5%

The company has a debt-to-equity ratio of 294.95, a quick ratio of 0.87 and a current ratio of 1.07. The firm’s 50-day moving average is C$31.44 and its 200 day moving average is C$30.12. The firm has a market capitalization of C$5.72 billion, a PE ratio of 33.13, a price-to-earnings-growth ratio of 1.85 and a beta of -0.03.

Gibson Energy (TSE:GEI) last issued its quarterly earnings results on Monday, July 27th. The company reported C$0.48 EPS for the quarter. The business had revenue of C$4.83 billion during the quarter. Gibson Energy had a net margin of 1.32% and a return on equity of 18.23%.

Gibson Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Friday, October 16th will be given a dividend of $0.45 per share. The ex-dividend date is Tuesday, September 29th. This represents a $1.80 dividend on an annualized basis and a yield of 5.4%. Gibson Energy’s dividend payout ratio (DPR) 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.