Gibson Energy (TSE:GEI) Announces Quarterly Earnings Results

Gibson Energy (TSE:GEI) released its earnings results on Monday. The company reported C$0.48 EPS for the quarter, FiscalAI reports. The firm had revenue of C$4.83 billion during the quarter. Gibson Energy had a net margin of 1.37% and a return on equity of 16.60%.

Gibson Energy Trading Down 2.3%

Shares of GEI stock traded down C$0.71 on Monday, reaching C$30.40. 416,027 shares of the stock were exchanged, compared to its average volume of 807,521. 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 stock has a market cap of C$5.24 billion, a P/E ratio of 34.16, a price-to-earnings-growth ratio of 1.85 and a beta of 0.11. The firm has a 50 day moving average of C$29.58 and a two-hundred day moving average of C$28.65. Gibson Energy has a 1-year low of C$22.09 and a 1-year high of C$31.23.

Gibson Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Friday, July 17th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date was Monday, June 29th. Gibson Energy’s dividend payout ratio is presently 195.51%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. National Bank Financial raised their price objective on Gibson Energy from C$30.00 to C$33.00 and gave the stock an “outperform” rating in a report on Monday, June 1st. Scotiabank upped their target price on Gibson Energy from C$29.00 to C$31.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 21st. TD upgraded Gibson Energy from a “hold” rating to a “buy” rating and increased their target price for the stock from C$29.00 to C$32.00 in a research report on Tuesday, May 26th. TD Securities upgraded Gibson Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 26th. Finally, Jefferies Financial Group lowered Gibson Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has issued 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.

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.