Gibson Energy (TSE:GEI) Posts Earnings Results

Gibson Energy (TSE:GEI) issued its quarterly earnings results on Monday. The company reported C$0.48 earnings per share (EPS) for the quarter, FiscalAI reports. Gibson Energy had a return on equity of 18.23% and a net margin of 1.32%.The firm had revenue of C$4.83 billion for the quarter.

Gibson Energy Stock Up 5.6%

Shares of TSE:GEI opened at C$32.11 on Wednesday. The company has a fifty day simple moving average of C$29.67 and a 200 day simple moving average of C$28.75. The firm has a market cap of C$5.54 billion, a PE ratio of 36.08, a price-to-earnings-growth ratio of 1.85 and a beta of 0.11. Gibson Energy has a 12-month low of C$22.09 and a 12-month high of C$32.12. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 294.95.

Gibson Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Friday, July 17th were paid a $0.45 dividend. The ex-dividend date was Monday, June 29th. This represents a $1.80 annualized dividend and a dividend yield of 5.6%. Gibson Energy’s payout ratio is 195.51%.

Analysts Set New Price Targets

Several research firms have issued reports on GEI. BMO Capital Markets increased their price objective on Gibson Energy from C$29.00 to C$32.00 in a research report on Tuesday. Scotiabank raised their price objective on shares of Gibson Energy from C$29.00 to C$31.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 21st. TD raised Gibson Energy from a “hold” rating to a “buy” rating and upped their target price for the company from C$29.00 to C$32.00 in a research note on Tuesday, May 26th. TD Securities upgraded Gibson Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 26th. Finally, Jefferies Financial Group cut Gibson Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$29.10.

About Gibson Energy

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.