Gibson Energy (TSE:GEI) Price Target Raised to C$33.00

Gibson Energy (TSE:GEI) had its price objective increased by BMO Capital Markets from C$31.00 to C$33.00 in a report issued on Tuesday,BayStreet reports. The firm currently has a market perform rating on the stock.

Other analysts have also recently issued research reports about the stock. ATB Cormark Capital Markets lifted their price objective 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. National Bank Financial raised their target price on shares of Gibson Energy from C$33.00 to C$34.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. TD boosted their price target on Gibson Energy from C$34.00 to C$35.00 and gave the company a “buy” rating in a research note on Tuesday, September 1st. Royal Bank Of Canada increased their price target on Gibson Energy from C$30.00 to C$33.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Finally, Scotiabank increased their price target on 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. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$34.20.

Gibson Energy Price Performance

Shares of TSE GEI opened at C$31.86 on Tuesday. The business’s 50 day moving average is C$32.04 and its 200-day moving average is C$29.99. The firm has a market cap of C$5.50 billion, a P/E ratio of 27.23, a price-to-earnings-growth ratio of 1.85 and a beta of 0.12. Gibson Energy has a 1-year low of C$22.68 and a 1-year high of C$34.66. The company has a current ratio of 0.85, a quick ratio of 0.87 and a debt-to-equity ratio of 296.09.

Gibson Energy (TSE:GEI) last issued its quarterly earnings data on Monday, November 2nd. The company reported C$0.45 EPS for the quarter. The firm had revenue of C$3.69 billion for the quarter. Gibson Energy had a return on equity of 20.74% and a net margin of 1.47%.

Gibson Energy Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.6%. Gibson Energy’s payout ratio is 152.14%.

Gibson Energy News Roundup

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

• Positive Sentiment: Several analysts raised their targets and maintained bullish ratings: TD lifted its target to C$40 and kept a “buy” rating; ATB Cormark raised its target to C$39; Raymond James to C$38; and National Bank Financial to C$35, each with an “outperform” rating. Read More., Read More., Read More., Read More..
• Positive Sentiment: BMO Capital Markets also expects GEI shares to rise, adding to the positive analyst outlook. Gibson Energy stock price expected to rise
• Positive Sentiment: Coverage of the earnings call pointed to strong growth momentum. Gibson reported Q3 EPS of C$0.45 and revenue of C$3.69 billion. Gibson Energy earnings call signals strong growth momentum
• Negative Sentiment: Q3 coverage also raised debt questions. Gibson’s debt-to-equity ratio is high, so investor concerns about leverage could temper the positive earnings and growth signals. Gibson Energy Q3 earnings strength and debt questions

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.