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

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

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. 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 boosted their price objective on shares of Gibson Energy from C$26.00 to C$28.00 in a research report on Wednesday, December 3rd. Canadian Imperial Bank of Commerce increased their price objective on shares of Gibson Energy from C$26.00 to C$30.00 in a research note on Wednesday, December 3rd. BMO Capital Markets raised their target price on shares of Gibson Energy from C$25.00 to C$27.00 in a report on Wednesday, December 3rd. Finally, TD Securities lifted 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 report on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Gibson Energy presently has a consensus rating of “Moderate Buy” and an average price target of C$27.50.

Gibson Energy Stock Up 1.4%

The firm’s 50 day moving average is C$28.07 and its 200-day moving average is C$26.15. The firm has a market cap of C$5.22 billion, a PE ratio of 25.28, a P/E/G ratio of 1.85 and a beta of 0.31. The company has a quick ratio of 0.87, a current ratio of 1.05 and a debt-to-equity ratio of 346.20.

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

Gibson Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 17th. Stockholders of record on Friday, April 17th will be issued a dividend of $0.45 per share. The ex-dividend date is Monday, March 30th. This represents a $1.80 annualized dividend and a dividend yield of 5.9%. Gibson Energy’s dividend payout ratio (DPR) is 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.