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

Gibson Energy Inc. (TSE:GEI)’s stock price hit a new 52-week high on Monday . The stock traded as high as C$30.53 and last traded at C$30.28, with a volume of 72890 shares changing hands. The stock had previously closed at C$29.80.

Wall Street Analyst Weigh In

A number of research firms have issued reports on GEI. TD raised shares of Gibson Energy from a “hold” rating to a “buy” rating and boosted their target price for the company from C$29.00 to C$32.00 in a research note on Tuesday, May 26th. TD Securities raised Gibson Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 26th. Finally, National Bank Financial boosted their price objective on Gibson Energy from C$30.00 to C$33.00 and gave the stock an “outperform” rating in a research report on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$28.00.

Gibson Energy Stock Up 2.4%

The firm’s fifty day moving average is C$29.12 and its two-hundred day moving average is C$28.28. The firm has a market cap of C$5.26 billion, a price-to-earnings ratio of 34.29, a P/E/G ratio of 1.85 and a beta of 0.11. The company has a debt-to-equity ratio of 281.88, a current ratio of 1.17 and a quick ratio of 0.87.

Gibson Energy (TSE:GEI) last released its earnings results on Monday, May 4th. The company reported C($0.01) EPS for the quarter. Gibson Energy had a net margin of 1.37% and a return on equity of 16.60%. The company had revenue of C$2.75 billion for the quarter.

Gibson Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Friday, July 17th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date is Monday, June 29th. Gibson Energy’s dividend payout ratio (DPR) is currently 195.51%.

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.