Analysts Set Gibson Energy Inc. (TSE:GEI) Target Price at C$28.00

Gibson Energy Inc. (TSE:GEI) has been given an average recommendation of “Moderate Buy” by the nine analysts that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$28.55.

A number of research analysts recently weighed in on the company. TD Securities raised Gibson Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 26th. TD raised shares of Gibson Energy from a “hold” rating to a “buy” rating and raised their price target for the company from C$29.00 to C$32.00 in a research report on Tuesday, May 26th. Scotiabank boosted their price objective on Gibson Energy from C$29.00 to C$31.00 and gave the stock a “sector perform” rating in a research report on Tuesday. Finally, National Bank Financial lifted their price objective on shares of Gibson Energy from C$30.00 to C$33.00 and gave the stock an “outperform” rating in a research report on Monday, June 1st.

Gibson Energy Stock Performance

GEI stock opened at C$30.70 on Friday. The firm has a market cap of C$5.29 billion, a PE ratio of 34.49, a price-to-earnings-growth ratio of 1.85 and a beta of 0.11. The stock has a 50-day moving average price of C$29.44 and a 200-day moving average price of C$28.53. The company has a current ratio of 1.17, a quick ratio of 0.87 and a debt-to-equity ratio of 281.88. Gibson Energy has a 1-year low of C$22.09 and a 1-year high of C$31.23.

Gibson Energy (TSE:GEI) last posted its quarterly earnings results on Monday, May 4th. The company reported C($0.01) earnings per share (EPS) for the quarter. Gibson Energy had a return on equity of 16.60% and a net margin of 1.37%.The business had revenue of C$2.75 billion for the quarter.

Gibson Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Friday, July 17th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend was Monday, June 29th. Gibson Energy’s payout ratio is 195.51%.

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.