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

Shares of Gibson Energy Inc. (TSE:GEI) reached a new 52-week high on Tuesday. The stock traded as high as C$32.89 and last traded at C$32.86, with a volume of 325,992 shares trading hands. The stock had previously closed at C$32.20.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on GEI shares. Canadian Imperial Bank of Commerce boosted their price objective on shares of Gibson Energy from C$33.00 to C$34.00 in a research report on Wednesday, July 29th. ATB Cormark Capital Markets raised their target price on shares of Gibson Energy from C$34.00 to C$35.00 in a report on Wednesday, September 30th. JPMorgan Chase & Co. raised their target price on shares of Gibson Energy from C$29.00 to C$30.00 in a report on Thursday, July 30th. Royal Bank Of Canada lifted their target price on Gibson Energy from C$30.00 to C$33.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Finally, BMO Capital Markets upped their target price on Gibson Energy from C$29.00 to C$32.00 in a report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$32.90.

Gibson Energy Stock Up 2.0%

The stock has a market cap of C$5.67 billion, a P/E ratio of 32.86, a price-to-earnings-growth ratio of 1.85 and a beta of -0.03. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 294.95. The stock’s 50-day moving average is C$31.37 and its 200-day moving average is C$30.08.

Gibson Energy (TSE:GEI) last issued its quarterly earnings results on Monday, July 27th. The company reported C$0.48 earnings per share (EPS) for the quarter. Gibson Energy had a return on equity of 18.23% and a net margin of 1.32%. The firm had revenue of C$4.83 billion during the quarter.

Gibson Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Friday, October 16th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a $1.80 dividend on an annualized basis and a yield of 5.5%. 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.