Gibson Energy (TSE:GEI) Price Target Raised to C$34.00

Gibson Energy (TSE:GEIFree Report) had its target price boosted by National Bank Financial from C$33.00 to C$34.00 in a research report released on Wednesday,BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock.

GEI has been the topic of a number of other reports. Canadian Imperial Bank of Commerce upped their price objective on Gibson Energy from C$33.00 to C$34.00 in a report on Wednesday. TD raised Gibson Energy from a “hold” rating to a “buy” rating and raised their target price for the stock from C$29.00 to C$32.00 in a research note 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. Scotiabank lifted 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 report on Tuesday, July 21st. Finally, Royal Bank Of Canada upped their price target on Gibson Energy from C$30.00 to C$33.00 and gave the company an “outperform” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$32.50.

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Gibson Energy Price Performance

Shares of GEI stock opened at C$32.09 on Wednesday. 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 company has a market capitalization of C$5.54 billion, a PE ratio of 32.09, a price-to-earnings-growth ratio of 1.85 and a beta of 0.11. The firm’s 50-day moving average is C$29.86 and its two-hundred day moving average is C$28.88. Gibson Energy has a 12 month low of C$22.09 and a 12 month high of C$32.99.

Gibson Energy (TSE:GEIGet Free Report) last posted its quarterly earnings results on Monday, July 27th. The company reported C$0.48 earnings per share for the quarter. The business had revenue of C$4.83 billion during the quarter. Gibson Energy had a net margin of 1.32% and a return on equity of 18.23%.

Gibson Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Friday, July 17th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend was Monday, June 29th. Gibson Energy’s payout ratio is 176.00%.

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Gibson Energy Company Profile

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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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