Gibson Energy (TSE:GEI) Reaches New 12-Month High – Time to Buy?

Gibson Energy Inc. (TSE:GEI)’s stock price hit a new 52-week high during mid-day trading on Friday. The company traded as high as C$33.70 and last traded at C$33.65, with a volume of 52,897 shares trading hands. The stock had previously closed at C$33.01.

Analyst Ratings Changes

A number of brokerages recently issued reports on GEI. Jefferies Financial Group lowered shares of Gibson Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 22nd. National Bank Financial increased their price objective on 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. JPMorgan Chase & Co. increased their price objective on Gibson Energy from C$29.00 to C$30.00 in a report on Thursday, July 30th. Scotiabank raised their price target 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, Raymond James Financial boosted their price target on shares of Gibson Energy from C$35.00 to C$36.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$32.90.

Gibson Energy Stock Performance

The company has a market cap of C$5.82 billion, a PE ratio of 33.73, a P/E/G ratio of 1.85 and a beta of -0.03. The business’s fifty day moving average is C$31.64 and its 200-day moving average is C$30.26. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 294.95.

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

Gibson Energy Announces Dividend

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