Gibson Energy (TSE:GEI) Hits New 1-Year High – Here’s What Happened

Gibson Energy Inc. (TSE:GEI)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as C$30.45 and last traded at C$30.37, with a volume of 124885 shares. The stock had previously closed at C$29.91.

Wall Street Analysts Forecast Growth

GEI has been the topic of a number of analyst reports. National Bank Financial set a C$29.00 price objective on shares of Gibson Energy and gave the company an “outperform” rating in a research report on Wednesday, December 17th. Canadian Imperial Bank of Commerce upped their price objective on shares of Gibson Energy from C$26.00 to C$30.00 in a research report on Wednesday, December 3rd. TD Securities lifted their target price on shares of Gibson Energy from C$26.00 to C$29.00 and gave the company a “hold” rating in a report on Wednesday, February 18th. Royal Bank Of Canada boosted their price target on shares of Gibson Energy from C$26.00 to C$28.00 in a research note on Wednesday, December 3rd. Finally, BMO Capital Markets increased their price target on shares of Gibson Energy from C$25.00 to C$27.00 in a report on Wednesday, December 3rd. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$27.50.

Gibson Energy Stock Up 1.4%

The company has a debt-to-equity ratio of 346.20, a quick ratio of 0.87 and a current ratio of 1.05. The company has a market capitalization of C$5.22 billion, a PE ratio of 25.28, a price-to-earnings-growth ratio of 1.85 and a beta of 0.31. The firm’s 50-day simple moving average is C$28.07 and its 200 day simple moving average is C$26.15.

Gibson Energy (TSE:GEI) last released its quarterly earnings data on Tuesday, February 17th. The company reported C$0.25 EPS for the quarter. Gibson Energy had a net margin of 1.85% and a return on equity of 22.62%. The firm had revenue of C$2.30 billion for the quarter.

Gibson Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 17th. Stockholders of record on Friday, April 17th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, March 30th. This represents a $1.80 annualized dividend and a dividend yield of 5.9%. Gibson Energy’s payout ratio is 143.33%.

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. Gibson Energy Inc services Canada and the United States, and the majority of revenue comes from the marketing segment.