Brokerages Set Gibson Energy Inc. (TSE:GEI) Price Target at C$32.50

Shares of Gibson Energy Inc. (TSE:GEI) have been given a consensus rating of “Moderate Buy” by the nine brokerages that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$32.50.

A number of research analysts have weighed in on GEI shares. JPMorgan Chase & Co. lifted their price target on shares of Gibson Energy from C$29.00 to C$30.00 in a research report on Thursday, July 30th. Raymond James Financial raised their target price on Gibson Energy from C$35.00 to C$36.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. National Bank Financial lifted their price target on shares of Gibson Energy from C$33.00 to C$34.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Canadian Imperial Bank of Commerce boosted their price objective on Gibson Energy from C$33.00 to C$34.00 in a report on Wednesday, July 29th. Finally, Royal Bank Of Canada increased their target price on shares of Gibson Energy from C$30.00 to C$33.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th.

Gibson Energy Stock Performance

Shares of TSE GEI opened at C$31.16 on Thursday. The company has a 50-day simple moving average of C$30.49 and a 200-day simple moving average of C$29.41. 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 cap of C$5.38 billion, a PE ratio of 31.16, a price-to-earnings-growth ratio of 1.85 and a beta of 0.12. 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 released its earnings results on Monday, July 27th. The company reported C$0.48 earnings per share (EPS) for the quarter. Gibson Energy had a net margin of 1.32% and a return on equity of 18.23%. The firm had revenue of C$4.83 billion during the quarter.

Gibson Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Friday, July 17th were given a $0.45 dividend. The ex-dividend date of this dividend was Monday, June 29th. This represents a $1.80 annualized dividend and a yield of 5.8%. Gibson Energy’s dividend payout ratio (DPR) is currently 176.00%.

Gibson Energy Company Profile

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.