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

Gibson Energy Inc. (TSE:GEI)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as C$29.47 and last traded at C$29.40, with a volume of 622308 shares. The stock had previously closed at C$29.40.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. TD Securities upped their price target on shares of Gibson Energy from C$26.00 to C$29.00 and gave the stock a “hold” rating in a research report on Wednesday, February 18th. Royal Bank Of Canada lifted their target price on Gibson Energy from C$26.00 to C$28.00 in a research note on Wednesday, December 3rd. Canadian Imperial Bank of Commerce boosted their target price on Gibson Energy from C$26.00 to C$30.00 in a report on Wednesday, December 3rd. BMO Capital Markets raised their price target on Gibson Energy from C$25.00 to C$27.00 in a report on Wednesday, December 3rd. Finally, 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. 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 assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$27.50.

Gibson Energy Stock Down 1.1%

The stock’s fifty day simple moving average is C$26.58 and its 200-day simple moving average is C$25.69. The stock has a market cap of C$4.74 billion, a P/E ratio of 31.47, a P/E/G ratio of 1.85 and a beta of 0.29. The company has a debt-to-equity ratio of 278.33, a quick ratio of 0.87 and a current ratio of 0.70.

Insiders Place Their Bets

In other news, Director Craig Richardson acquired 1,000 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The shares were acquired at an average cost of C$26.07 per share, with a total value of C$26,070.00. Following the completion of the purchase, the director directly owned 2,000 shares of the company’s stock, valued at C$52,140. The trade was a 100.00% increase in their position. 0.85% of the stock is owned by corporate insiders.

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.