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

Gibson Energy Inc. (TSE:GEI)’s share price hit a new 52-week high on Monday . The stock traded as high as C$26.06 and last traded at C$25.92, with a volume of 173454 shares. The stock had previously closed at C$25.87.

Wall Street Analysts Forecast Growth

GEI has been the subject of several recent research reports. Jefferies Financial Group increased their price target on Gibson Energy from C$25.00 to C$26.00 in a report on Thursday, December 5th. Wells Fargo & Company lowered shares of Gibson Energy from an “overweight” rating to an “equal weight” rating in a report on Wednesday, December 18th. Raymond James lifted their target price on shares of Gibson Energy from C$28.50 to C$30.00 in a research note on Thursday, December 5th. Scotiabank boosted their target price on shares of Gibson Energy from C$25.00 to C$26.00 in a report on Thursday, December 5th. Finally, TD Securities set a C$25.00 price target on shares of Gibson Energy and gave the stock a “hold” rating in a report on Wednesday, January 15th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Gibson Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of C$26.90.

Gibson Energy Trading Down 0.5 %

The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 292.01. The business has a 50-day simple moving average of C$24.45 and a 200-day simple moving average of C$23.19. The company has a market cap of C$4.18 billion, a PE ratio of 24.23, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25.

Gibson Energy (TSE:GEI) last posted its quarterly earnings data on Tuesday, October 29th. The company reported C$0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.32 by C$0.01. Gibson Energy had a return on equity of 23.48% and a net margin of 1.42%. During the same period in the prior year, the firm posted $0.21 EPS.

Gibson Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 6.39%. The ex-dividend date was Tuesday, December 31st. Gibson Energy’s payout ratio is 154.72%.

Insider Activity at Gibson Energy

In related news, Senior Officer Kelly Holtby purchased 2,010 shares of Gibson Energy stock in a transaction on Monday, December 30th. The shares were bought at an average price of C$24.85 per share, with a total value of C$49,948.50. Also, Director Curtis Philippon acquired 40,000 shares of the stock in a transaction dated Monday, December 9th. The shares were bought at an average cost of C$25.46 per share, with a total value of C$1,018,400.00. Company insiders own 0.85% of the company’s stock.

Gibson Energy Company Profile

Gibson Energy Inc, together with its subsidiaries, engages in the gathering, storage, optimization, processing, and marketing of liquids and refined products in Canada and the United States. It operates through Infrastructure and Marketing segments. The Infrastructure segment operates a network of liquid infrastructure assets that include oil terminals, rail loading and unloading facilities, gathering pipelines, a crude oil processing facility, and other terminals.