Gibson Energy (TSE:GEI) Upgraded to Outperform Overweight at National Bank Financial
National Bank Financial upgraded shares of Gibson Energy (TSE:GEI) from a sector perform overweight rating to an outperform overweight rating in a research report sent to investors on Monday, BayStreet.CA reports. National Bank Financial currently has C$25.00 price target on the stock, down from their previous price target of C$30.00.
Other equities research analysts have also recently issued research reports about the stock. Raymond James dropped their target price on shares of Gibson Energy from C$31.00 to C$26.00 and set an outperform rating on the stock in a report on Thursday, March 12th. Scotiabank raised their target price on shares of Gibson Energy from C$27.50 to C$29.00 in a report on Friday, February 7th. CIBC cut shares of Gibson Energy from an outperform rating to a neutral rating and raised their target price for the stock from C$28.00 to C$29.00 in a report on Friday, December 20th. Canaccord Genuity dropped their target price on shares of Gibson Energy from C$30.00 to C$22.00 in a report on Friday, March 20th. Finally, TD Securities raised their target price on shares of Gibson Energy from C$25.00 to C$26.00 and gave the stock a hold rating in a report on Wednesday, February 26th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Gibson Energy has an average rating of Buy and a consensus target price of C$26.65.
Shares of GEI stock opened at C$17.41 on Monday. Gibson Energy has a 12-month low of C$10.96 and a 12-month high of C$28.34. The company has a current ratio of 1.16, a quick ratio of 0.83 and a debt-to-equity ratio of 180.86. The firm’s 50 day moving average is C$22.75 and its 200 day moving average is C$24.46. The stock has a market capitalization of $2.07 billion and a P/E ratio of 14.11.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 17th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 7.81%. The ex-dividend date is Monday, March 30th. This is a boost from Gibson Energy’s previous quarterly dividend of $0.33. Gibson Energy’s dividend payout ratio (DPR) is currently 106.97%.
About Gibson Energy
Gibson Energy Inc engages in the gathering, storage, optimization, processing, and marketing of crude oil and refined products in North America. It operates through Infrastructure and Wholesale segments. The Infrastructure segment operates a network of infrastructure assets that include oil terminals, rail loading and unloading facilities, injection stations, gathering pipelines, and a crude oil processing facility, as well as procession, recovery, and disposal terminals.
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