Gibson Energy Inc. (TSE:GEI) Stock Has Consensus Target Price of C$32.90

Gibson Energy Inc. (TSE:GEI) has been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$32.90.

GEI has been the subject of several research analyst reports. Canadian Imperial Bank of Commerce lifted their price objective on Gibson Energy from C$33.00 to C$34.00 in a research note on Wednesday, July 29th. Royal Bank Of Canada upped their target price on 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. National Bank Financial raised their price target on Gibson Energy from C$33.00 to C$34.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Raymond James Financial lifted their price target on Gibson Energy from C$35.00 to C$36.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Finally, BMO Capital Markets boosted their price objective on Gibson Energy from C$29.00 to C$32.00 in a report on Tuesday, July 28th.

Gibson Energy Stock Performance

TSE GEI opened at C$31.82 on Friday. Gibson Energy has a 1 year low of C$22.09 and a 1 year high of C$32.99. The company has a debt-to-equity ratio of 294.95, a current ratio of 1.07 and a quick ratio of 0.87. The stock has a market capitalization of C$5.49 billion, a PE ratio of 31.82, a P/E/G ratio of 1.85 and a beta of -0.03. The company’s 50 day simple moving average is C$31.38 and its two-hundred day simple moving average is C$30.02.

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

Gibson Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Friday, October 16th will be given a dividend of $0.45 per share. The ex-dividend date is Tuesday, September 29th. This represents a $1.80 annualized dividend and a yield of 5.7%. Gibson Energy’s payout ratio is presently 176.00%.

About Gibson Energy

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.