Gibson Energy (TSE:GEI) Reaches New 52-Week High – Time to Buy?

Gibson Energy Inc. (TSE:GEI) shares hit a new 52-week high on Friday . The stock traded as high as C$31.05 and last traded at C$30.98, with a volume of 143793 shares changing hands. The stock had previously closed at C$30.93.

Analyst Ratings Changes

GEI has been the topic of several recent analyst reports. TD raised Gibson Energy from a “hold” rating to a “buy” rating and raised their price target for the company from C$29.00 to C$32.00 in a report on Tuesday, May 26th. TD Securities upgraded shares of Gibson Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 26th. National Bank Financial raised their target price on shares of Gibson Energy from C$30.00 to C$33.00 and gave the stock an “outperform” rating in a report on Monday, June 1st. Scotiabank raised their target price on Gibson Energy from C$29.00 to C$31.00 and gave the stock a “sector perform” rating in a research note on Tuesday. Finally, Jefferies Financial Group downgraded shares of Gibson Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$28.60.

Gibson Energy Trading Up 0.5%

The company has a market cap of C$5.36 billion, a P/E ratio of 34.93, a PEG ratio of 1.85 and a beta of 0.11. The stock’s 50 day moving average is C$29.54 and its 200-day moving average is C$28.61. The company has a current ratio of 1.17, a quick ratio of 0.87 and a debt-to-equity ratio of 281.88.

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

Gibson Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Friday, July 17th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 5.8%. The ex-dividend date was Monday, June 29th. Gibson Energy’s dividend payout ratio (DPR) is presently 195.51%.

About Gibson Energy

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.