Gibson Energy (TSE:GEI) Price Target Raised to C$35.00

Gibson Energy (TSE:GEI) had its target price boosted by TD from C$34.00 to C$35.00 in a research report report published on Tuesday morning,BayStreet reports. They currently have a buy rating on the stock.

GEI has been the subject of several other research reports. JPMorgan Chase & Co. raised their target price on shares of Gibson Energy from C$29.00 to C$30.00 in a report on Thursday, July 30th. National Bank Financial upped their price target on shares of Gibson Energy from C$33.00 to C$34.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Canadian Imperial Bank of Commerce increased their price objective on shares of Gibson Energy from C$33.00 to C$34.00 in a research report on Wednesday, July 29th. TD Securities raised shares of Gibson Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 26th. Finally, Royal Bank Of Canada raised 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 research note on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$32.80.

Gibson Energy Stock Performance

TSE:GEI opened at C$31.46 on Tuesday. The firm has a market capitalization of C$5.43 billion, a PE ratio of 31.46, a PEG ratio of 1.85 and a beta of 0.12. The stock’s fifty day moving average is C$30.88 and its 200 day moving average is C$29.71. Gibson Energy has a fifty-two week low of C$22.09 and a fifty-two week high of C$32.99. The company has a debt-to-equity ratio of 294.95, a quick ratio of 0.87 and a current ratio of 1.07.

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

Gibson Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Friday, July 17th were paid a $0.45 dividend. The ex-dividend date was Monday, June 29th. This represents a $1.80 dividend on an annualized basis and a yield of 5.7%. Gibson Energy’s dividend payout ratio (DPR) is presently 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.