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

Gibson Energy Inc. (TSE:GEIGet Free Report) hit a new 52-week high during trading on Monday . The company traded as high as C$26.06 and last traded at C$25.92, with a volume of 173454 shares trading hands. The stock had previously closed at C$25.87.

Analysts Set New Price Targets

Several research analysts have commented on GEI shares. Wells Fargo & Company downgraded shares of Gibson Energy from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, December 18th. Scotiabank boosted their price target on shares of Gibson Energy from C$25.00 to C$26.00 in a research note on Thursday, December 5th. JPMorgan Chase & Co. cut their price target on shares of Gibson Energy from C$27.00 to C$26.00 in a research report on Wednesday, October 2nd. Raymond James lifted their price objective on Gibson Energy from C$28.50 to C$30.00 in a report on Thursday, December 5th. Finally, TD Securities set a C$25.00 target price on Gibson Energy and gave the company 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 assigned a strong buy rating to the company. Based on data from MarketBeat, Gibson Energy currently has an average rating of “Moderate Buy” and an average target price of C$26.90.

Read Our Latest Analysis on Gibson Energy

Gibson Energy Trading Up 0.2 %

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 firm has a market cap of C$4.22 billion, a P/E ratio of 24.45, a PEG ratio of 1.85 and a beta of 1.25. The firm’s fifty day moving average is C$24.32 and its two-hundred day moving average is C$23.15.

Gibson Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Tuesday, December 31st were given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 6.33%. The ex-dividend date was Tuesday, December 31st. Gibson Energy’s dividend payout ratio is currently 154.72%.

Insiders Place Their Bets

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

Gibson Energy Company Profile

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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.

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