Gibson Energy (TSE:GEI) Sets New 1-Year High – Here’s Why

Gibson Energy Inc. (TSE:GEI)’s share price reached a new 52-week high on Monday . The company traded as high as C$30.53 and last traded at C$30.28, with a volume of 72890 shares changing hands. The stock had previously closed at C$29.80.

Analyst Upgrades and Downgrades

GEI has been the topic of several recent research reports. TD upgraded Gibson Energy from a “hold” rating to a “buy” rating and increased their target price for the stock from C$29.00 to C$32.00 in a research report on Tuesday, May 26th. TD Securities upgraded Gibson Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 26th. Finally, National Bank Financial lifted their price target on Gibson Energy from C$30.00 to C$33.00 and gave the company an “outperform” rating in a research report on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$28.00.

Gibson Energy Price Performance

The business’s 50-day moving average price is C$29.18 and its 200 day moving average price is C$28.35. The company has a market capitalization of C$5.25 billion, a P/E ratio of 34.20, a price-to-earnings-growth ratio of 1.85 and a beta of 0.11. The company has a quick ratio of 0.87, a current ratio of 1.17 and a debt-to-equity ratio of 281.88.

Gibson Energy (TSE:GEI) last posted its earnings results on Monday, May 4th. The company reported C($0.01) earnings per share for the quarter. Gibson Energy had a return on equity of 16.60% and a net margin of 1.37%.The firm had revenue of C$2.75 billion for the quarter.

Gibson Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Friday, July 17th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date is Monday, June 29th. Gibson Energy’s payout ratio is 195.51%.

About Gibson Energy

Gibson is a leading liquids Infrastructure company with its principal businesses consisting of the storage, optimization, processing, and gathering of liquids and refined products, as well as waterborne vessel loading. Headquartered in Calgary, Alberta, the Company’s operations are located across North America, with core terminal assets in Hardisty and Edmonton, Alberta, Ingleside and Wink, Texas, and a facility in Moose Jaw, Saskatchewan. Gibson shares trade under the symbol GEI and are listed on the Toronto Stock Exchange.