Gibson Energy (TSE:GEI) Reaches New 1-Year High – Still a Buy?

Gibson Energy Inc. (TSE:GEI)’s share price hit a new 52-week high during trading on Friday . The company traded as high as C$31.05 and last traded at C$30.98, with a volume of 143793 shares traded. The stock had previously closed at C$30.93.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on GEI. TD raised Gibson Energy from a “hold” rating to a “buy” rating and boosted their price objective for the stock from C$29.00 to C$32.00 in a research note on Tuesday, May 26th. National Bank Financial lifted their price target on Gibson Energy from C$30.00 to C$33.00 and gave the stock an “outperform” rating in a report on Monday, June 1st. TD Securities raised shares of Gibson Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 26th. Scotiabank upped their price objective on shares of Gibson Energy from C$29.00 to C$31.00 and gave the company a “sector perform” rating in a report on Tuesday, July 21st. Finally, Jefferies Financial Group cut shares of Gibson Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$28.60.

Gibson Energy Trading Up 0.6%

The firm has a market cap of C$5.37 billion, a price-to-earnings ratio of 34.96, a price-to-earnings-growth ratio of 1.85 and a beta of 0.11. The company has a debt-to-equity ratio of 281.88, a quick ratio of 0.87 and a current ratio of 1.17. The company has a 50 day moving average price of C$29.58 and a 200 day moving average price of C$28.63.

Gibson Energy (TSE:GEI) last issued its quarterly earnings data on Monday, May 4th. The company reported C($0.01) earnings per share (EPS) for the quarter. The business had revenue of C$2.75 billion for the quarter. Gibson Energy had a return on equity of 16.60% and a net margin of 1.37%.

Gibson Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Friday, July 17th were given a dividend of $0.45 per share. The ex-dividend date was Monday, June 29th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.8%. Gibson Energy’s dividend payout ratio (DPR) is currently 195.51%.

About Gibson Energy

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.