Gibson Energy (TSE:GEI) Price Target Raised to C$34.00

Gibson Energy (TSE:GEIFree Report) had its target price increased by Canadian Imperial Bank of Commerce from C$33.00 to C$34.00 in a research note released on Wednesday,BayStreet.CA reports.

Other analysts have also issued reports about the stock. National Bank Financial boosted their target price on shares of Gibson Energy from C$30.00 to C$33.00 and gave the company an “outperform” rating in a research note on Monday, June 1st. TD Securities raised shares of Gibson Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 26th. Scotiabank lifted their price objective on shares of Gibson Energy from C$29.00 to C$31.00 and gave the company a “sector perform” rating in a report on Tuesday, July 21st. TD raised shares of Gibson Energy from a “hold” rating to a “buy” rating and boosted their price objective for the company from C$29.00 to C$32.00 in a research report on Tuesday, May 26th. Finally, BMO Capital Markets upped their target price on shares of Gibson Energy from C$29.00 to C$32.00 in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$32.50.

View Our Latest Report on Gibson Energy

Gibson Energy Price Performance

GEI opened at C$32.09 on Wednesday. The business has a fifty day moving average of C$29.86 and a 200 day moving average of C$28.88. The stock has a market cap of C$5.54 billion, a P/E ratio of 32.09, a PEG ratio of 1.85 and a beta of 0.11. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 294.95. Gibson Energy has a 52-week low of C$22.09 and a 52-week high of C$32.99.

Gibson Energy (TSE:GEIGet Free Report) last released its earnings results on Monday, July 27th. The company reported C$0.48 earnings per share for the quarter. Gibson Energy had a return on equity of 18.23% and a net margin of 1.32%.The business had revenue of C$4.83 billion for the quarter.

Gibson Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Friday, July 17th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 5.6%. The ex-dividend date was Monday, June 29th. Gibson Energy’s dividend payout ratio is currently 176.00%.

Key Gibson Energy News

Here are the key news stories impacting Gibson Energy this week:

About Gibson Energy

(Get Free Report)

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.

Recommended Stories

Analyst Recommendations for Gibson Energy (TSE:GEI)

Receive News & Ratings for Gibson Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gibson Energy and related companies with MarketBeat.com's FREE daily email newsletter.