Gibson Energy (TSE:GEI) Reaches New 1-Year Low - Time to Sell?

Gibson Energy Inc. (TSE:GEI - Get Free Report)'s share price reached a new 52-week low during trading on Monday . The company traded as low as C$20.12 and last traded at C$20.41, with a volume of 76501 shares. The stock had previously closed at C$20.94.

Analysts Set New Price Targets

GEI has been the topic of a number of recent analyst reports. ATB Capital decreased their price target on Gibson Energy from C$28.00 to C$26.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. National Bank Financial downgraded shares of Gibson Energy from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 19th. Jefferies Financial Group lowered their price objective on shares of Gibson Energy from C$26.00 to C$23.00 and set a "hold" rating for the company in a research report on Thursday, February 20th. TD Securities upgraded Gibson Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 24th. Finally, Raymond James dropped their price objective on Gibson Energy from C$30.50 to C$29.50 and set a "strong-buy" rating for the company in a research report on Thursday, February 20th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of C$25.86.

Gibson Energy Price Performance

The company has a market capitalization of C$3.41 billion, a price-to-earnings ratio of 16.11, a P/E/G ratio of 1.85 and a beta of 1.25. The company has a debt-to-equity ratio of 278.33, a quick ratio of 0.87 and a current ratio of 0.70. The business has a 50 day moving average price of C$22.08 and a 200-day moving average price of C$23.32.

Gibson Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Thursday, April 17th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 8.23%. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from Gibson Energy's previous quarterly dividend of $0.41. Gibson Energy's dividend payout ratio is 126.47%.

Insider Buying and Selling

In related news, Director Curtis Philippon bought 25,000 shares of the company's stock in a transaction dated Friday, February 21st. The shares were bought at an average price of C$21.20 per share, for a total transaction of C$530,000.00. Also, Senior Officer Riley Hicks bought 8,900 shares of Gibson Energy stock in a transaction dated Friday, February 21st. The stock was purchased at an average price of C$21.10 per share, with a total value of C$187,790.00. 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.