Gibson Energy (TSE:GEI) Reaches New 1-Year High – What’s Next?

Gibson Energy Inc. (TSE:GEI)’s share price reached a new 52-week high on Monday . The company traded as high as C$26.06 and last traded at C$25.92, with a volume of 173454 shares traded. The stock had previously closed at C$25.87.

Analysts Set New Price Targets

Several brokerages recently weighed in on GEI. Raymond James boosted their target price on Gibson Energy from C$28.50 to C$30.00 in a research note on Thursday, December 5th. BMO Capital Markets upgraded shares of Gibson Energy from a “market perform” rating to an “outperform” rating and upped their price objective for the company from C$25.50 to C$28.00 in a report on Thursday, December 5th. Wells Fargo & Company cut shares of Gibson Energy from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, December 18th. JPMorgan Chase & Co. cut their price target on shares of Gibson Energy from C$27.00 to C$26.00 in a research note on Wednesday, October 2nd. Finally, Scotiabank lifted their price objective on shares of Gibson Energy from C$25.00 to C$26.00 in a research note on Thursday, December 5th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$26.90.

Gibson Energy Price Performance

The firm has a 50-day simple moving average of C$24.45 and a two-hundred day simple moving average of C$23.19. The company has a market capitalization of C$4.18 billion, a price-to-earnings ratio of 24.23, a P/E/G ratio of 1.85 and a beta of 1.25. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 292.01.

Gibson Energy (TSE:GEI) last announced its quarterly earnings results on Tuesday, October 29th. The company reported C$0.33 earnings per share for the quarter, beating the consensus estimate of C$0.32 by C$0.01. Gibson Energy had a return on equity of 23.48% and a net margin of 1.42%. During the same quarter in the previous year, the company earned $0.21 earnings per share.

Gibson Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Tuesday, December 31st were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 6.39%. The ex-dividend date of this dividend was Tuesday, December 31st. Gibson Energy’s dividend payout ratio (DPR) is presently 154.72%.

Insider Activity at Gibson Energy

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

Gibson Energy Company Profile

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.