Gibson Energy (TSE:GEI) Price Target Increased to C$26.00 by Analysts at Scotiabank

Gibson Energy (TSE:GEI) had its target price boosted by Scotiabank from C$25.00 to C$26.00 in a research report report published on Wednesday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other brokerages also recently commented on GEI. JPMorgan Chase & Co. upped their price objective on Gibson Energy from C$25.00 to C$26.00 in a research report on Monday, April 15th. Jefferies Financial Group set a C$25.00 target price on Gibson Energy and gave the stock a buy rating in a report on Tuesday, February 27th. BMO Capital Markets upped their target price on Gibson Energy from C$22.50 to C$25.00 and gave the stock a market perform rating in a report on Tuesday. National Bankshares upped their target price on Gibson Energy from C$24.00 to C$25.00 and gave the stock an outperform rating in a report on Tuesday, January 30th. Finally, CIBC upped their target price on Gibson Energy from C$26.00 to C$27.00 and gave the stock an outperform rating in a report on Monday, January 8th. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Gibson Energy has a consensus rating of Moderate Buy and a consensus target price of C$25.63.

Gibson Energy Stock Performance

Shares of Gibson Energy stock opened at C$22.11 on Wednesday. The stock’s fifty day moving average is C$22.74 and its two-hundred day moving average is C$21.44. The company has a market capitalization of C$3.57 billion, a PE ratio of 15.68, a price-to-earnings-growth ratio of 1.85 and a beta of 1.29. The company has a quick ratio of 0.87, a current ratio of 1.12 and a debt-to-equity ratio of 303.96. Gibson Energy has a 52 week low of C$18.45 and a 52 week high of C$23.40.

Gibson Energy (TSE:GEI) last announced its quarterly earnings data on Tuesday, February 20th. The company reported C$0.32 EPS for the quarter, missing the consensus estimate of C$0.40 by C($0.08). The business had revenue of C$2.81 billion during the quarter, compared to the consensus estimate of C$3.33 billion. Gibson Energy had a net margin of 1.95% and a return on equity of 28.84%. As a group, analysts expect that Gibson Energy will post 1.5894955 earnings per share for the current year.

Gibson Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 17th. Shareholders of record on Friday, June 28th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 7.42%. The ex-dividend date is Friday, June 28th. Gibson Energy’s dividend payout ratio (DPR) is presently 116.31%.

Insider Buying and Selling at Gibson Energy

In other Gibson Energy news, Director Steven R. Spaulding sold 55,823 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of C$22.72, for a total value of C$1,268,298.56. In other news, Director Steven R. Spaulding sold 55,823 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of C$22.72, for a total value of C$1,268,298.56. Also, Senior Officer Sean Brown sold 35,000 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of C$19.97, for a total value of C$698,950.00. 0.81% of the stock is currently owned by company insiders.

Gibson Energy Company Profile

Gibson Energy Inc, together with its subsidiaries, engages in the gathering, storage, optimization, processing, and marketing of liquids and refined products in Canada and the United States. It operates through Infrastructure and Marketing segments. The Infrastructure segment operates a network of liquid infrastructure assets that include oil terminals, rail loading and unloading facilities, gathering pipelines, a crude oil processing facility, and other terminals.