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

Gibson Energy Inc. (TSE:GEI)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$23.70 and last traded at C$23.60, with a volume of 224927 shares changing hands. The stock had previously closed at C$23.54.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. National Bankshares boosted their price objective on shares of Gibson Energy from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a report on Friday, August 23rd. Raymond James set a C$28.50 price target on Gibson Energy and gave the stock a “strong-buy” rating in a research report on Friday, October 11th. BMO Capital Markets boosted their price objective on Gibson Energy from C$25.00 to C$25.50 in a research report on Thursday, September 5th. JPMorgan Chase & Co. dropped their target price on Gibson Energy from C$27.00 to C$26.00 in a research report on Wednesday, October 2nd. Finally, Royal Bank of Canada raised their target price on Gibson Energy from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of C$26.00.

Gibson Energy Trading Up 0.8 %

The stock has a market cap of C$3.86 billion, a price-to-earnings ratio of 22.21, a PEG ratio of 1.85 and a beta of 1.25. 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 moving average of C$22.10 and a 200-day moving average of C$22.55.

Gibson Energy (TSE:GEI) last released its quarterly earnings data on Monday, July 29th. The company reported C$0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.36 by C$0.02. The firm had revenue of C$3.23 billion during the quarter. Gibson Energy had a return on equity of 23.48% and a net margin of 1.42%.

Gibson Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Monday, September 30th will be given a dividend of $0.41 per share. The ex-dividend date is Friday, September 27th. This represents a $1.64 dividend on an annualized basis and a yield of 6.91%. Gibson Energy’s payout ratio is 154.72%.

Insiders Place Their Bets

In related news, Director Curtis Philippon purchased 23,000 shares of Gibson Energy stock in a transaction on Wednesday, September 4th. The stock was bought at an average price of C$22.03 per share, with a total value of C$506,690.00. In related news, Director Curtis Philippon purchased 23,000 shares of Gibson Energy stock in a transaction on Wednesday, September 4th. The stock was bought at an average price of C$22.03 per share, with a total value of C$506,690.00. Also, Director Margaret Cahill Montana purchased 3,400 shares of Gibson Energy stock in a transaction on Wednesday, August 7th. The stock was bought at an average cost of C$21.52 per share, with a total value of C$73,168.00. Insiders own 0.85% of the company’s stock.

About Gibson Energy

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.