Gibson Energy Inc. (TSE:GEI) Stock Has Average Target Price of C$32.90

Gibson Energy Inc. (TSE:GEI) has been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$32.90.

GEI has been the topic of a number of research reports. ATB Cormark Capital Markets upped their price target on Gibson Energy from C$34.00 to C$35.00 in a research note on Wednesday, September 30th. Royal Bank Of Canada boosted their price objective on Gibson Energy from C$30.00 to C$33.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. TD increased their target price on shares of Gibson Energy from C$34.00 to C$35.00 and gave the stock a “buy” rating in a report on Tuesday, September 1st. 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 report on Tuesday, July 21st. Finally, BMO Capital Markets boosted their target price on Gibson Energy from C$29.00 to C$32.00 in a research note on Tuesday, July 28th.

Gibson Energy Stock Performance

TSE GEI opened at C$31.45 on Friday. 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 stock has a market capitalization of C$5.43 billion, a P/E ratio of 31.45, a PEG ratio of 1.85 and a beta of -0.00. The firm’s 50-day moving average is C$31.37 and its two-hundred day moving average is C$29.99. Gibson Energy has a 12 month low of C$22.09 and a 12 month high of C$32.99.

Gibson Energy (TSE:GEI) last announced 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Friday, October 16th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 5.7%. The ex-dividend date of this dividend is Tuesday, September 29th. Gibson Energy’s payout ratio is 176.00%.

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.