Gibson Energy (TSE:GEI) Sets New 52-Week High - Still a Buy?

Key Points

• Gibson Energy Inc. (TSE:GEI) shares reached a new 52-week high of C$26.29, with a recent trading price of C$26.08 and a volume of 516,499 shares.
• Analysts have varied opinions on the stock, with price targets ranging from C$24.00 to C$30.50; the average rating is a "Moderate Buy" with a target price of C$26.50.
• The company announced a quarterly dividend of $0.43 per share, reflecting a 6.6% dividend yield, although it has a high payout ratio of 126.47%.

Gibson Energy Inc. (TSE:GEI - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$26.29 and last traded at C$26.08, with a volume of 516499 shares changing hands. The stock had previously closed at C$26.17.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. National Bankshares boosted their target price on shares of Gibson Energy from C$24.00 to C$25.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 30th. ATB Capital boosted their target price on shares of Gibson Energy from C$26.00 to C$27.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Scotiabank boosted their target price on shares of Gibson Energy from C$26.00 to C$27.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Royal Bank Of Canada boosted their target price on shares of Gibson Energy from C$25.00 to C$26.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Finally, Wells Fargo & Company boosted their target price on shares of Gibson Energy from C$23.00 to C$24.00 in a research report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Gibson Energy presently has a consensus rating of "Moderate Buy" and an average target price of C$26.50.

Gibson Energy Stock Performance

The company has a current ratio of 0.70, a quick ratio of 0.87 and a debt-to-equity ratio of 278.33. The firm's 50-day moving average is C$24.82 and its two-hundred day moving average is C$23.13. The stock has a market cap of C$4.26 billion, a price-to-earnings ratio of 26.84, a P/E/G ratio of 1.85 and a beta of 0.42.

Gibson Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Tuesday, September 30th will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 6.6%. Gibson Energy's dividend payout ratio (DPR) is presently 173.20%.

Insider Buying and Selling at Gibson Energy

In related news, Senior Officer David Bruce Gosse purchased 2,255 shares of Gibson Energy stock in a transaction that occurred on Monday, June 9th. The stock was purchased at an average price of C$23.50 per share, for a total transaction of C$52,992.50. 0.85% of the stock is currently owned by company insiders.

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.