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

Gibson Energy Inc. (TSE:GEI) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$28.07 and last traded at C$28.05, with a volume of 117200 shares changing hands. The stock had previously closed at C$27.75.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on GEI shares. Natl Bk Canada raised Gibson Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 2nd. Royal Bank Of Canada lifted their price target on Gibson Energy from C$26.00 to C$28.00 in a research report on Wednesday, December 3rd. TD Securities upped their price objective on Gibson Energy from C$23.00 to C$26.00 and gave the company a “hold” rating in a report on Monday, January 12th. Canadian Imperial Bank of Commerce lifted their target price on Gibson Energy from C$26.00 to C$30.00 in a report on Wednesday, December 3rd. Finally, Scotiabank cut shares of Gibson Energy from an “outperform” rating to a “hold” rating and dropped their price target for the stock from C$27.00 to C$25.00 in a research report on Monday, October 20th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$27.23.

Gibson Energy Stock Up 1.4%

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 has a market capitalization of C$4.61 billion, a price-to-earnings ratio of 30.59, a PEG ratio of 1.85 and a beta of 0.29. The stock has a fifty day moving average of C$25.96 and a 200-day moving average of C$25.44.

Gibson Energy (TSE:GEI) last announced its earnings results on Monday, November 3rd. The company reported C$0.28 EPS for the quarter. Gibson Energy had a return on equity of 22.60% and a net margin of 1.73%.The business had revenue of C$2.88 billion during the quarter.

Insider Transactions at Gibson Energy

In other news, Director Craig Richardson acquired 1,000 shares of Gibson Energy stock in a transaction on Monday, December 15th. The stock was bought at an average cost of C$26.07 per share, with a total value of C$26,070.00. Following the completion of the purchase, the director owned 2,000 shares of the company’s stock, valued at C$52,140. This represents a 100.00% increase in their ownership of the stock. Insiders own 0.85% of the company’s stock.

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. Gibson Energy Inc services Canada and the United States, and the majority of revenue comes from the marketing segment.