Gibson Energy (TSE:GEI) Sets New 12-Month High - What's Next?

Shares of Gibson Energy Inc. (TSE:GEI - Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$23.70 and last traded at C$23.60, with a volume of 224927 shares traded. The stock had previously closed at C$23.54.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on GEI. National Bankshares raised 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 report on Friday, August 23rd. Raymond James set a C$28.50 target price on shares of Gibson Energy and gave the stock a "strong-buy" rating in a report on Friday, October 11th. BMO Capital Markets upped their target price on shares of Gibson Energy from C$25.00 to C$25.50 in a research report on Thursday, September 5th. JPMorgan Chase & Co. dropped their price target on Gibson Energy from C$27.00 to C$26.00 in a research report on Wednesday, October 2nd. Finally, Royal Bank of Canada upped their price objective on Gibson Energy from C$27.00 to C$28.00 and gave the company an "outperform" rating in a research report on Thursday, October 3rd. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of C$26.00.

Gibson Energy Price Performance

The firm has a fifty day moving average of C$22.14 and a two-hundred day moving average of C$22.56. The stock has a market capitalization of C$3.84 billion, a P/E ratio of 22.28, a P/E/G ratio of 1.85 and a beta of 1.25. The company has a debt-to-equity ratio of 292.01, a current ratio of 1.18 and a quick ratio of 0.87.

Gibson Energy (TSE:GEI - Get Free Report) last issued its quarterly earnings data on Monday, July 29th. The company reported C$0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.36 by C$0.02. The company had revenue of C$3.23 billion for the quarter. Gibson Energy had a net margin of 1.42% and a return on equity of 23.48%.

Gibson Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Monday, September 30th will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 6.94%. The ex-dividend date is Friday, September 27th. Gibson Energy's payout ratio is currently 154.72%.

Insider Buying and Selling at Gibson Energy

In other Gibson Energy news, Director Margaret Cahill Montana bought 3,400 shares of the company's stock in a transaction that occurred on Wednesday, August 7th. The shares were purchased at an average cost of C$21.52 per share, for a total transaction of C$73,168.00. In related news, Director Curtis Philippon purchased 23,000 shares of the business's stock in a transaction on Wednesday, September 4th. The shares were acquired at an average price of C$22.03 per share, for a total transaction of C$506,690.00. Also, Director Margaret Cahill Montana purchased 3,400 shares of the firm's stock in a transaction on Wednesday, August 7th. The stock was bought at an average cost of C$21.52 per share, with a total value of C$73,168.00. 0.85% of the stock is owned by 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.