Gibson Energy (TSE:GEI – Free Report) had its price objective boosted by ATB Cormark Capital Markets from C$35.00 to C$37.00 in a research report report published on Friday,BayStreet reports. They currently have an outperform rating on the stock.
A number of other analysts have also recently commented on the company. Canadian Imperial Bank of Commerce cut Gibson Energy from an “outperformer” rating to a “hold” rating and set a C$34.00 price objective for the company. in a research report on Thursday. Raymond James Financial increased their target price on Gibson Energy from C$35.00 to C$36.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. JPMorgan Chase & Co. raised their target price on Gibson Energy from C$29.00 to C$30.00 in a research report on Thursday, July 30th. BMO Capital Markets boosted their price target on Gibson Energy from C$29.00 to C$32.00 in a research note on Tuesday, July 28th. Finally, Jefferies Financial Group downgraded Gibson Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$33.10.
Get Our Latest Stock Report on Gibson Energy
Gibson Energy Price Performance
Shares of GEI opened at C$33.61 on Friday. The firm has a fifty day simple moving average of C$31.68 and a two-hundred day simple moving average of C$30.29. The firm has a market cap of C$5.80 billion, a PE ratio of 33.61, a P/E/G ratio of 1.85 and a beta of -0.03. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 294.95. Gibson Energy has a 1-year low of C$22.09 and a 1-year high of C$33.88.
Gibson Energy (TSE:GEI – Get Free Report) last released its quarterly earnings results on Monday, July 27th. The company reported C$0.48 earnings per share (EPS) for the quarter. The firm had revenue of C$4.83 billion for the quarter. Gibson Energy had a return on equity of 18.23% and a net margin of 1.32%.
Gibson Energy Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Friday, October 16th were given a $0.45 dividend. The ex-dividend date was Tuesday, September 29th. This represents a $1.80 annualized dividend and a yield of 5.4%. Gibson Energy’s dividend payout ratio (DPR) is presently 176.00%.
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.
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