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

Gibson Energy Inc. (TSE:GEI) has earned a consensus rating of “Moderate Buy” from the nine analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$28.60.

Several brokerages recently weighed in on GEI. TD Securities raised Gibson Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 26th. Scotiabank upped their price objective on shares of Gibson Energy from C$29.00 to C$31.00 and gave the company a “sector perform” rating in a report on Tuesday, July 21st. TD upgraded shares of Gibson Energy from a “hold” rating to a “buy” rating and increased their target price for the stock from C$29.00 to C$32.00 in a research report on Tuesday, May 26th. National Bank Financial lifted 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 research note on Monday, June 1st. Finally, Jefferies Financial Group lowered shares of Gibson Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday.

Gibson Energy Price Performance

Shares of TSE GEI opened at C$31.11 on Friday. The company has a current ratio of 1.17, a quick ratio of 0.87 and a debt-to-equity ratio of 281.88. The stock has a fifty day simple moving average of C$29.58 and a two-hundred day simple moving average of C$28.63. Gibson Energy has a 1-year low of C$22.09 and a 1-year high of C$31.23. The firm has a market cap of C$5.37 billion, a price-to-earnings ratio of 34.96, a price-to-earnings-growth ratio of 1.85 and a beta of 0.11.

Gibson Energy (TSE:GEI) last issued its 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 firm had revenue of C$2.75 billion during the quarter.

Gibson Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Friday, July 17th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date was Monday, June 29th. Gibson Energy’s payout ratio is currently 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.