Gibson Energy (TSE:GEI) Price Target Raised to C$38.00

Gibson Energy (TSE:GEI) had its price objective lifted by Raymond James Financial from C$37.00 to C$38.00 in a research note released on Wednesday morning,BayStreet reports. The brokerage currently has an outperform rating on the stock.

Several other research firms also recently commented on GEI. BMO Capital Markets boosted their price objective on Gibson Energy from C$31.00 to C$33.00 and gave the company a “market perform” rating in a report on Tuesday. ATB Cormark Capital Markets lifted their price target on shares of Gibson Energy from C$35.00 to C$37.00 and gave the company an “outperform” rating in a research report on Friday, October 23rd. Scotiabank lifted their price target on shares of Gibson Energy from C$29.00 to C$31.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 21st. Royal Bank Of Canada boosted their price target on shares of Gibson Energy from C$30.00 to C$33.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Finally, TD raised their price objective on shares of 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. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Gibson Energy has an average rating of “Moderate Buy” and a consensus price target of C$34.20.

Gibson Energy Trading Down 1.3%

GEI traded down C$0.42 during trading on Wednesday, hitting C$31.44. The company’s stock had a trading volume of 650,000 shares, compared to its average volume of 743,046. The firm has a market capitalization of C$5.43 billion, a P/E ratio of 26.87, a PEG ratio of 1.85 and a beta of 0.12. Gibson Energy has a twelve month low of C$22.85 and a twelve month high of C$34.66. The stock’s fifty day moving average price is C$32.05 and its 200-day moving average price is C$30.02. The company has a quick ratio of 0.87, a current ratio of 0.85 and a debt-to-equity ratio of 296.09.

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

Gibson Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Friday, October 16th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 5.7%. The ex-dividend date was Tuesday, September 29th. Gibson Energy’s dividend payout ratio is 152.14%.

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.