Gibson Energy (TSE:GEI) Price Target Raised to C$34.00

Gibson Energy (TSE:GEIFree Report) had its price target increased by ATB Cormark Capital Markets from C$32.00 to C$34.00 in a report published on Wednesday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Several other analysts have also recently commented on the company. TD Securities upgraded Gibson Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 26th. Royal Bank Of Canada increased 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 report on Wednesday. Canadian Imperial Bank of Commerce raised their target price on shares of Gibson Energy from C$33.00 to C$34.00 in a research report on Wednesday. Raymond James Financial boosted their target price on shares of Gibson Energy from C$35.00 to C$36.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, BMO Capital Markets upped their price target on shares of Gibson Energy from C$29.00 to C$32.00 in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Gibson Energy presently has a consensus rating of “Moderate Buy” and an average price target of C$32.50.

View Our Latest Stock Report on Gibson Energy

Gibson Energy Price Performance

Shares of TSE:GEI opened at C$32.09 on Wednesday. The company has a market cap of C$5.54 billion, a P/E ratio of 32.09, a P/E/G ratio of 1.85 and a beta of 0.11. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 294.95. Gibson Energy has a 52 week low of C$22.09 and a 52 week high of C$32.99. The business has a fifty day simple moving average of C$29.86 and a 200-day simple moving average of C$28.88.

Gibson Energy (TSE:GEIGet Free Report) last released its earnings results on Monday, July 27th. The company reported C$0.48 EPS for the quarter. Gibson Energy had a return on equity of 18.23% and a net margin of 1.32%.The firm had revenue of C$4.83 billion during the quarter.

Gibson Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Friday, July 17th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend was Monday, June 29th. Gibson Energy’s dividend payout ratio (DPR) is currently 176.00%.

Gibson Energy News Roundup

Here are the key news stories impacting Gibson Energy this week:

Gibson Energy Company Profile

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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.

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Analyst Recommendations for Gibson Energy (TSE:GEI)

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