Gibson Energy (TSE:GEI) Hits New 12-Month High at $24.86

Shares of Gibson Energy Inc. (TSE:GEI) reached a new 52-week high on Monday . The company traded as high as C$24.86 and last traded at C$24.78, with a volume of 109602 shares. The stock had previously closed at C$24.74.

A number of equities research analysts have weighed in on GEI shares. CSFB reaffirmed a “neutral” rating on shares of Gibson Energy in a report on Tuesday, November 5th. TD Securities lifted their price objective on Gibson Energy from C$24.00 to C$25.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. Royal Bank of Canada lifted their price objective on Gibson Energy from C$25.00 to C$27.00 and gave the company a “sector perform” rating in a report on Wednesday, November 6th. CIBC raised Gibson Energy from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from C$25.00 to C$26.00 in a report on Tuesday, November 5th. Finally, 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. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of C$26.23.

The company has a debt-to-equity ratio of 183.15, a quick ratio of 0.89 and a current ratio of 1.30. The firm’s 50-day moving average is C$22.92 and its two-hundred day moving average is C$23.00. The stock has a market cap of $3.60 billion and a P/E ratio of 30.74.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 5.32%. The ex-dividend date is Monday, December 30th. Gibson Energy’s dividend payout ratio (DPR) is presently 163.57%.

About Gibson Energy (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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