Gibson Energy (TSE:GEI) Hits New 52-Week High at $26.08

Gibson Energy Inc. (TSE:GEI)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$26.08 and last traded at C$25.81, with a volume of 213946 shares trading hands. The stock had previously closed at C$25.13.

A number of research firms recently issued reports on GEI. Canaccord Genuity lifted their price target on shares of Gibson Energy from C$26.00 to C$28.00 in a research note on Wednesday, November 6th. BMO Capital Markets upped their price objective on shares of Gibson Energy from C$26.00 to C$28.00 in a research report on Monday, September 9th. Raymond James reaffirmed an “outperform” rating and set a C$25.00 price objective on shares of Gibson Energy in a report on Tuesday, November 5th. CIBC upgraded shares of Gibson Energy from a “neutral” rating to an “outperform” rating and lifted their target price for the company from C$25.00 to C$26.00 in a research report on Tuesday, November 5th. Finally, CSFB reissued a “neutral” rating on shares of Gibson Energy in a research note on Tuesday, November 5th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$26.23.

The firm has a market cap of $3.66 billion and a PE ratio of 23.04. The stock’s fifty day moving average price is C$24.09 and its 200-day moving average price is C$23.36. The company has a debt-to-equity ratio of 209.24, a current ratio of 1.07 and a quick ratio of 0.90.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 5.14%. The ex-dividend date of this dividend is Monday, December 30th. Gibson Energy’s dividend payout ratio is currently 118.39%.

Gibson Energy Company Profile (TSE:GEI)

Gibson Energy Inc engages in the gathering, storage, optimization, processing, and marketing of crude oil and refined products in North America. It operates through Infrastructure and Wholesale segments. The Infrastructure segment operates a network of infrastructure assets that include oil terminals, rail loading and unloading facilities, injection stations, gathering pipelines, and a crude oil processing facility, as well as procession, recovery, and disposal terminals.

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