Gibson Energy (TSE:GEI) Reaches New 1-Year High – Time to Buy?

Shares of Gibson Energy Inc. (TSE:GEI) hit a new 52-week high during trading on Tuesday . The stock traded as high as C$26.29 and last traded at C$26.08, with a volume of 516499 shares trading hands. The stock had previously closed at C$26.17.

Wall Street Analyst Weigh In

GEI has been the topic of several analyst reports. Royal Bank Of Canada increased their price target on Gibson Energy from C$25.00 to C$26.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Raymond James Financial raised their price objective on shares of Gibson Energy from C$30.00 to C$30.50 and gave the stock a “strong-buy” rating in a research note on Tuesday, June 17th. JPMorgan Chase & Co. raised their price objective on shares of Gibson Energy from C$24.00 to C$25.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 20th. Scotiabank raised their price objective on shares of Gibson Energy from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Finally, TD Securities downgraded shares of Gibson Energy from a “strong-buy” rating to a “hold” rating and raised their price objective for the stock from C$24.00 to C$25.00 in a research note on Tuesday, June 17th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$26.50.

Gibson Energy Stock Performance

The company has a market capitalization of C$4.25 billion, a P/E ratio of 20.11, a PEG ratio of 1.85 and a beta of 1.25. The stock has a fifty day simple moving average of C$24.68 and a 200-day simple moving average of C$23.07. The company has a quick ratio of 0.87, a current ratio of 0.70 and a debt-to-equity ratio of 278.33.

Gibson Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 6.6%. Gibson Energy’s payout ratio is presently 126.47%.

Insider Buying and Selling at Gibson Energy

In other Gibson Energy news, Senior Officer David Bruce Gosse bought 2,255 shares of the stock in a transaction dated Monday, June 9th. The stock was bought at an average cost of C$23.50 per share, for a total transaction of C$52,992.50. Company insiders own 0.85% of the company’s stock.

About Gibson Energy

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.