Brokerages Set Gibson Energy Inc. (TSE:GEI) PT at C$28.00

Gibson Energy Inc. (TSE:GEI) has earned a consensus rating of “Moderate Buy” from the nine ratings firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$28.00.

GEI has been the subject of a number of analyst reports. National Bank Financial boosted their price target on Gibson Energy from C$30.00 to C$33.00 and gave the company an “outperform” rating in a report on Monday, June 1st. TD raised Gibson Energy from a “hold” rating to a “buy” rating and boosted their price target for the company from C$29.00 to C$32.00 in a report on Tuesday, May 26th. Finally, TD Securities raised Gibson Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 26th.

Gibson Energy Stock Performance

Shares of TSE:GEI opened at C$30.04 on Wednesday. Gibson Energy has a 12-month low of C$22.09 and a 12-month high of C$30.50. The company has a market capitalization of C$5.18 billion, a PE ratio of 33.75, a PEG ratio of 1.85 and a beta of 0.11. The business has a 50 day moving average of C$28.86 and a two-hundred day moving average of C$28.02. 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 (TSE:GEI) last announced 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 net margin of 1.37% and a return on equity of 16.60%. The company had revenue of C$2.75 billion during the quarter.

Gibson Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Friday, July 17th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend is Monday, June 29th. Gibson Energy’s dividend payout ratio is presently 195.51%.

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.