Gibson Energy (TSE:GEI) Hits New 12-Month Low – Should You Sell?

Gibson Energy Inc. (TSE:GEI) reached a new 52-week low during mid-day 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

Several brokerages recently issued reports on GEI. Scotiabank dropped their price target on Gibson Energy from C$27.00 to C$26.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. CIBC dropped their target price on Gibson Energy from C$29.00 to C$27.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. ATB Capital decreased their price target on Gibson Energy from C$28.00 to C$26.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Wells Fargo & Company lowered shares of Gibson Energy from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, December 18th. Finally, Raymond James cut their price objective on shares of 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 issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$25.86.

Gibson Energy Price Performance

The firm has a market cap of C$3.36 billion, a PE ratio of 15.89, a P/E/G ratio of 1.85 and a beta of 1.25. The stock’s fifty day moving average price is C$22.64 and its 200-day moving average price is C$23.41. The company has a debt-to-equity ratio of 278.33, a quick ratio of 0.87 and a current ratio of 0.70.

Gibson Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Thursday, April 17th will be issued a $0.43 dividend. The ex-dividend date is Monday, March 31st. This is a boost from Gibson Energy’s previous quarterly dividend of $0.41. This represents a $1.72 dividend on an annualized basis and a yield of 8.35%. Gibson Energy’s dividend payout ratio (DPR) is 126.47%.

Insider Transactions at Gibson Energy

In other Gibson Energy news, Director Curtis Philippon acquired 25,000 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were acquired at an average cost of C$21.20 per share, for a total transaction of C$530,000.00. Also, Senior Officer Riley Hicks acquired 8,900 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was acquired at an average cost of C$21.10 per share, for a total transaction of C$187,790.00. Corporate insiders own 0.85% of the company’s stock.

About Gibson Energy

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.