Brokerages Set Gibson Energy Inc. (TSE:GEI) Target Price at C$32.80

Shares of Gibson Energy Inc. (TSE:GEI) have been assigned an average rating of “Moderate Buy” from the eight ratings firms that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$32.80.

Several equities analysts have recently commented on GEI shares. JPMorgan Chase & Co. increased their target price on Gibson Energy from C$29.00 to C$30.00 in a research note on Thursday, July 30th. Scotiabank upped their price target 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 increased their price objective on shares of Gibson Energy from C$34.00 to C$35.00 and gave the company a “buy” rating in a research note on Tuesday, September 1st. Raymond James Financial raised their price objective on shares of Gibson Energy from C$35.00 to C$36.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Finally, BMO Capital Markets boosted their target price on shares of Gibson Energy from C$29.00 to C$32.00 in a research report on Tuesday, July 28th.

Gibson Energy Price Performance

Shares of Gibson Energy stock opened at C$30.68 on Monday. Gibson Energy has a 1-year low of C$22.09 and a 1-year high of C$32.99. The company has a market capitalization of C$5.30 billion, a PE ratio of 30.68, a P/E/G ratio of 1.85 and a beta of -0.00. The company has a debt-to-equity ratio of 294.95, a current ratio of 1.07 and a quick ratio of 0.87. The business has a 50-day moving average of C$31.14 and a 200-day moving average of C$29.82.

Gibson Energy (TSE:GEI) last issued its quarterly earnings results on Monday, July 27th. The company reported C$0.48 EPS for the quarter. Gibson Energy had a return on equity of 18.23% and a net margin of 1.32%.The firm had revenue of C$4.83 billion during the quarter.

Gibson Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Friday, July 17th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date was Monday, June 29th. Gibson Energy’s dividend payout ratio (DPR) is 176.00%.

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.