Gibson Energy Inc. (TSE:GEI – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$25.50.
A number of brokerages recently commented on GEI. Scotiabank raised their target price on Gibson Energy from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. BMO Capital Markets raised their price target on Gibson Energy from C$22.50 to C$25.00 and gave the company a “market perform” rating in a report on Tuesday, April 30th. Stifel Nicolaus decreased their price target on Gibson Energy from C$26.00 to C$25.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Finally, JPMorgan Chase & Co. raised their price target on Gibson Energy from C$26.00 to C$27.00 and gave the company an “overweight” rating in a report on Friday, June 28th.
View Our Latest Analysis on GEI
Gibson Energy Price Performance
Gibson Energy (TSE:GEI – Get Free Report) last announced its earnings results on Monday, April 29th. The company reported C$0.25 EPS for the quarter, missing analysts’ consensus estimates of C$0.39 by C($0.14). Gibson Energy had a return on equity of 21.90% and a net margin of 1.39%. The company had revenue of C$3.29 billion during the quarter, compared to the consensus estimate of C$2.87 billion. Sell-side analysts anticipate that Gibson Energy will post 1.55517 earnings per share for the current year.
Gibson Energy Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 17th. Stockholders of record on Wednesday, July 17th were issued a $0.41 dividend. The ex-dividend date was Friday, June 28th. This represents a $1.64 annualized dividend and a dividend yield of 7.23%. Gibson Energy’s dividend payout ratio (DPR) is 156.19%.
About Gibson Energy
Gibson Energy Inc, together with its subsidiaries, engages in the gathering, storage, optimization, processing, and marketing of liquids and refined products in Canada and the United States. It operates through Infrastructure and Marketing segments. The Infrastructure segment operates a network of liquid infrastructure assets that include oil terminals, rail loading and unloading facilities, gathering pipelines, a crude oil processing facility, and other terminals.
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