Gibson Energy (TSE:GEI) Stock Rating Upgraded by BMO Capital Markets

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BMO Capital Markets upgraded shares of Gibson Energy (TSE:GEI) from a market perform rating to an outperform rating in a report published on Tuesday, October 16th. The brokerage currently has C$25.00 price target on the stock, up from their previous price target of C$22.00.

A number of other brokerages have also recently commented on GEI. Industrial Alliance Securities increased their target price on Gibson Energy from C$22.00 to C$23.50 in a report on Tuesday, October 16th. GMP Securities increased their target price on Gibson Energy from C$19.50 to C$22.25 in a report on Friday, August 10th. National Bank Financial raised Gibson Energy from a sector perform rating to an outperform rating and increased their target price for the company from C$21.00 to C$23.00 in a report on Friday, September 21st. Canaccord Genuity upped their price target on Gibson Energy from C$22.00 to C$23.00 in a research report on Tuesday, October 16th. Finally, JPMorgan Chase & Co. upped their price target on Gibson Energy from C$20.00 to C$23.00 in a research report on Thursday, September 27th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of C$22.98.

Shares of Gibson Energy stock traded up C$0.44 during mid-day trading on Tuesday, reaching C$22.54. 523,900 shares of the stock traded hands, compared to its average volume of 343,270. Gibson Energy has a fifty-two week low of C$15.68 and a fifty-two week high of C$23.32. The company has a debt-to-equity ratio of 154.41, a current ratio of 1.40 and a quick ratio of 0.67.

Gibson Energy (TSE:GEI) last announced its earnings results on Wednesday, August 8th. The company reported C$0.10 EPS for the quarter, meeting analysts’ consensus estimates of C$0.10. The firm had revenue of C$1.76 billion for the quarter, compared to analyst estimates of C$1.64 billion. On average, research analysts predict that Gibson Energy will post 0.869999960633486 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 17th. Stockholders of record on Monday, December 31st will be given a $0.33 dividend. The ex-dividend date is Friday, December 28th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.86%. Gibson Energy’s dividend payout ratio (DPR) is presently 550.00%.

In other Gibson Energy news, insider Sean Brown acquired 10,527 shares of the stock in a transaction that occurred on Tuesday, August 21st. The stock was bought at an average cost of C$19.78 per share, for a total transaction of C$208,224.06. Also, Director John Larry Festival acquired 9,000 shares of the stock in a transaction that occurred on Tuesday, August 14th. The stock was acquired at an average price of C$19.90 per share, with a total value of C$179,100.00.

Gibson Energy Company Profile

Gibson Energy Inc, an integrated midstream company, engages in the movement, storage, optimization, processing, marketing, and distribution of crude oil, condensate, natural gas liquids (NGLs), water, oilfield waste, and refined products in North America. It operates through four segments: Infrastructure, Logistics, Wholesale, and Other.

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Analyst Recommendations for Gibson Energy (TSE:GEI)

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