Gibson Energy (TSE:GEI) Price Target Raised to C$30.00

Gibson Energy (TSE:GEIFree Report) had its price objective boosted by JPMorgan Chase & Co. from C$29.00 to C$30.00 in a research report released on Thursday morning,BayStreet.CA reports.

Several other brokerages have also commented on GEI. TD raised Gibson Energy from a “hold” rating to a “buy” rating and raised their price objective for the company from C$29.00 to C$32.00 in a research report on Tuesday, May 26th. Scotiabank upped their target price on shares of Gibson Energy from C$29.00 to C$31.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 21st. Raymond James Financial increased their price target on shares of Gibson Energy from C$35.00 to C$36.00 and gave the stock an “outperform” rating in a research note on Wednesday. TD Securities raised shares of Gibson Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 26th. Finally, BMO Capital Markets lifted their price target on shares of Gibson Energy from C$29.00 to C$32.00 in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Gibson Energy currently has an average rating of “Moderate Buy” and a consensus price target of C$32.50.

Check Out Our Latest Stock Analysis on Gibson Energy

Gibson Energy Stock Down 0.5%

Shares of TSE:GEI opened at C$32.09 on Thursday. Gibson Energy has a 52-week low of C$22.09 and a 52-week high of C$32.99. The firm has a market capitalization of C$5.54 billion, a P/E ratio of 32.09, a P/E/G ratio of 1.85 and a beta of 0.11. The stock has a 50 day moving average price of C$29.86 and a 200-day moving average price of C$28.88. The company has a debt-to-equity ratio of 294.95, a quick ratio of 0.87 and a current ratio of 1.07.

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

Gibson Energy Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 5.6%. The ex-dividend date was Monday, June 29th. Gibson Energy’s dividend payout ratio (DPR) is currently 176.00%.

Gibson Energy News Roundup

Here are the key news stories impacting Gibson Energy this week:

Gibson Energy Company Profile

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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.

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Analyst Recommendations for Gibson Energy (TSE:GEI)

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