Gibson Energy (TSE:GEI) Sets New 12-Month High – Still a Buy?

Gibson Energy Inc. (TSE:GEI)’s stock price hit a new 52-week high during mid-day trading on Thursday. The company traded as high as C$34.15 and last traded at C$33.99, with a volume of 21,063 shares trading hands. The stock had previously closed at C$33.57.

Analyst Ratings Changes

Several equities research analysts have commented on GEI shares. Scotiabank boosted their target price on Gibson Energy from C$29.00 to C$31.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 21st. TD raised their price target on Gibson Energy from C$34.00 to C$35.00 and gave the company a “buy” rating in a report on Tuesday, September 1st. ATB Cormark Capital Markets lifted their price target on Gibson Energy from C$35.00 to C$37.00 and gave the stock an “outperform” rating in a research report on Friday, October 23rd. National Bank Financial upped their price target on shares of Gibson Energy from C$33.00 to C$34.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Finally, BMO Capital Markets increased their price objective on shares of Gibson Energy from C$29.00 to C$32.00 in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Gibson Energy currently has an average rating of “Moderate Buy” and an average price target of C$33.10.

Gibson Energy Price Performance

The company has a debt-to-equity ratio of 294.95, a current ratio of 1.07 and a quick ratio of 0.87. The company has a market capitalization of C$5.88 billion, a PE ratio of 34.05, a PEG ratio of 1.85 and a beta of -0.03. The firm has a 50-day moving average of C$31.89 and a 200 day moving average of C$29.85.

Gibson Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Friday, October 16th were paid a dividend of $0.45 per share. The ex-dividend date was Tuesday, September 29th. This represents a $1.80 annualized dividend and a yield of 5.3%. Gibson Energy’s dividend payout ratio is currently 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.