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

Gibson Energy Inc. (TSE:GEI) reached a new 52-week high during mid-day 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 Analysts Forecast Growth

A number of research analysts have weighed in on GEI shares. Canadian Imperial Bank of Commerce lifted their price target on shares of Gibson Energy from C$26.00 to C$30.00 in a research note on Wednesday, December 3rd. TD Securities raised their price objective on shares of Gibson Energy from C$26.00 to C$29.00 and gave the stock a “hold” rating in a report on Wednesday, February 18th. 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. BMO Capital Markets increased their target price 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 target on Gibson Energy and gave the company an “outperform” rating in a research note on Wednesday, December 17th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Gibson Energy currently has an average rating of “Moderate Buy” and a consensus target price of C$27.50.

Gibson Energy Price Performance

The company has a quick ratio of 0.87, a current ratio of 0.70 and a debt-to-equity ratio of 278.33. The company has a market capitalization of C$4.82 billion, a price-to-earnings ratio of 31.96, a P/E/G ratio of 1.85 and a beta of 0.29. The stock’s fifty day moving average price is C$26.42 and its 200-day moving average price is C$25.65.

Insider Activity

In other news, Director Craig Richardson bought 1,000 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was acquired at an average cost of C$26.07 per share, for a total transaction of C$26,070.00. Following the purchase, the director owned 2,000 shares of the company’s stock, valued at approximately C$52,140. This trade represents a 100.00% increase in their position. Insiders own 0.85% of the company’s stock.

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.