Gibson Energy (TSE:GEI) Downgraded by Jefferies Financial Group to Hold

Jefferies Financial Group lowered shares of Gibson Energy (TSE:GEI) from a strong-buy rating to a hold rating in a research report released on Wednesday morning,Zacks.com reports.

Other equities analysts have also recently issued research reports about the stock. Scotiabank raised their target price on shares of Gibson Energy from C$29.00 to C$31.00 and gave the company a “sector perform” rating in a research note on Tuesday. National Bank Financial raised their price objective 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 upgraded shares of Gibson Energy from a “hold” rating to a “buy” rating and raised their price objective for the company from C$29.00 to C$32.00 in a research note on Tuesday, May 26th. Finally, TD Securities raised Gibson Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Gibson Energy currently has an average rating of “Moderate Buy” and an average target price of C$28.60.

Gibson Energy Stock Performance

Shares of TSE:GEI opened at C$30.70 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 1.17 and a debt-to-equity ratio of 281.88. The company’s 50-day moving average price is C$29.49 and its 200 day moving average price is C$28.57. The company has a market cap of C$5.29 billion, a PE ratio of 34.49, a P/E/G ratio of 1.85 and a beta of 0.11. Gibson Energy has a fifty-two week low of C$22.09 and a fifty-two week high of C$31.23.

Gibson Energy (TSE:GEI) last posted its earnings results on Monday, May 4th. The company reported C($0.01) EPS 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 during the quarter.

Gibson Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Friday, July 17th were given a $0.45 dividend. The ex-dividend date was Monday, June 29th. This represents a $1.80 annualized dividend and a yield of 5.9%. Gibson Energy’s payout ratio is 195.51%.

Gibson Energy Company Profile

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.