Gibson Energy (TSE:GEI) Price Target Raised to C$31.00

Gibson Energy (TSE:GEI) had its price objective upped by Scotiabank from C$29.00 to C$31.00 in a research note released on Tuesday morning,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

A number of other equities research analysts have also recently weighed in on GEI. TD upgraded Gibson Energy from a “hold” rating to a “buy” rating and upped their price target for the stock from C$29.00 to C$32.00 in a report on Tuesday, May 26th. TD Securities upgraded shares of Gibson Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 26th. Finally, National Bank Financial upped their target price on Gibson Energy from C$30.00 to C$33.00 and gave the company an “outperform” rating in a research note on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$28.60.

Gibson Energy Price Performance

Shares of TSE:GEI opened at C$30.93 on Tuesday. Gibson Energy has a 52 week low of C$22.09 and a 52 week high of C$31.23. The company has a 50-day moving average price of C$29.54 and a 200 day moving average price of C$28.61. The company has a market cap of C$5.33 billion, a P/E ratio of 34.75, a PEG ratio of 1.85 and a beta of 0.11. The company has a quick ratio of 0.87, a current ratio of 1.17 and a debt-to-equity ratio of 281.88.

Gibson Energy (TSE:GEI) last issued its earnings results on Monday, May 4th. The company reported C($0.01) earnings per share (EPS) for the quarter. Gibson Energy had a return on equity of 16.60% and a net margin of 1.37%.The business had revenue of C$2.75 billion for the quarter.

Gibson Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Friday, July 17th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date was Monday, June 29th. Gibson Energy’s payout ratio is currently 195.51%.

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.