Gibson Energy Inc. (TSE:GEI) Stock Has Consensus Price Target of C$33.10

Gibson Energy Inc. (TSE:GEI) has received an average recommendation of “Moderate Buy” from the nine research firms that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$33.10.

Several research firms recently weighed in on GEI. Raymond James Financial upped their price objective on shares of Gibson Energy from C$35.00 to C$36.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Scotiabank lifted their target price on shares of Gibson Energy from C$29.00 to C$31.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 21st. TD boosted their price target on shares of Gibson Energy from C$34.00 to C$35.00 and gave the stock a “buy” rating in a research note on Tuesday, September 1st. ATB Cormark Capital Markets boosted their price target on shares of Gibson Energy from C$35.00 to C$37.00 and gave the stock an “outperform” rating in a research note on Friday, October 23rd. Finally, Canadian Imperial Bank of Commerce lowered shares of Gibson Energy from an “outperformer” rating to a “hold” rating and set a C$34.00 price target on the stock. in a report on Thursday, October 22nd.

Gibson Energy Price Performance

Shares of TSE GEI opened at C$33.89 on Tuesday. The stock’s 50-day simple moving average is C$31.84 and its two-hundred day simple moving average is C$29.80. Gibson Energy has a twelve month low of C$22.09 and a twelve month high of C$34.15. The firm has a market capitalization of C$5.85 billion, a P/E ratio of 33.89, a P/E/G ratio of 1.85 and a beta of -0.03. 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 (TSE:GEI) last issued its quarterly earnings results on Monday, July 27th. The company reported C$0.48 earnings per share (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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Friday, October 16th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend was Tuesday, September 29th. Gibson Energy’s payout ratio is currently 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.