Brokerages Set Gibson Energy Inc. (TSE:GEI) PT at C$27.50

Gibson Energy Inc. (TSE:GEI) has received an average recommendation of “Moderate Buy” from the ten analysts that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$27.50.

A number of research firms have recently issued reports on GEI. TD Securities boosted their target price on Gibson Energy from C$26.00 to C$29.00 and gave the company a “hold” rating in a report on Wednesday, February 18th. National Bank Financial set a C$29.00 price target on Gibson Energy and gave the stock an “outperform” rating in a report on Wednesday, December 17th. BMO Capital Markets lifted their price objective on shares of Gibson Energy from C$25.00 to C$27.00 in a research report on Wednesday, December 3rd. Royal Bank Of Canada boosted their price objective on shares of Gibson Energy from C$26.00 to C$28.00 in a research note on Wednesday, December 3rd. Finally, Canadian Imperial Bank of Commerce upped their price objective on shares of Gibson Energy from C$26.00 to C$30.00 in a research report on Wednesday, December 3rd.

Gibson Energy Stock Performance

TSE GEI opened at C$29.90 on Monday. The firm has a market cap of C$5.14 billion, a P/E ratio of 24.92, a P/E/G ratio of 1.85 and a beta of 0.31. Gibson Energy has a 52-week low of C$19.63 and a 52-week high of C$30.36. The business’s 50-day moving average price is C$27.97 and its 200 day moving average price is C$26.12. The company has a quick ratio of 0.87, a current ratio of 1.05 and a debt-to-equity ratio of 346.20.

Gibson Energy (TSE:GEI) last posted its quarterly earnings data on Tuesday, February 17th. The company reported C$0.25 EPS for the quarter. Gibson Energy had a return on equity of 22.62% and a net margin of 1.85%.The firm had revenue of C$2.30 billion during the quarter.

Gibson Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 17th. Investors of record on Friday, April 17th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend is Monday, March 30th. Gibson Energy’s dividend payout ratio is currently 143.33%.

About Gibson Energy

Gibson Energy Inc is an oil infrastructure company that collects, stores, and processes crude oil and refined products. Reportable segments include marketing, which deals with buying, selling, and optimizing products such as crude oil, natural gas liquid, road asphalt, and oil-based mud product; and infrastructure, which makes up a system of oil terminals, rail loading facilities, pipelines, and an oil processing facility. Gibson Energy Inc services Canada and the United States, and the majority of revenue comes from the marketing segment.