JPMorgan Chase & Co. Boosts Gibson Energy (TSE:GEI) Price Target to C$26.00

Gibson Energy (TSE:GEI) had its price target raised by JPMorgan Chase & Co. from C$25.00 to C$26.00 in a report released on Monday, BayStreet.CA reports.

Several other equities research analysts have also weighed in on GEI. Jefferies Financial Group set a C$25.00 price target on Gibson Energy and gave the company a buy rating in a research report on Tuesday, February 27th. CIBC boosted their target price on Gibson Energy from C$26.00 to C$27.00 and gave the stock an outperform rating in a report on Monday, January 8th. Finally, National Bankshares boosted their price target on Gibson Energy from C$24.00 to C$25.00 and gave the stock an outperform rating in a research note on Tuesday, January 30th. One research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Gibson Energy presently has a consensus rating of Moderate Buy and a consensus target price of C$25.35.

Gibson Energy Stock Performance

Shares of TSE GEI opened at C$22.33 on Monday. The company has a current ratio of 1.12, a quick ratio of 0.87 and a debt-to-equity ratio of 303.96. The stock’s 50-day moving average is C$22.38 and its 200 day moving average is C$21.22. The stock has a market cap of C$3.61 billion, a price-to-earnings ratio of 15.84, a P/E/G ratio of 1.85 and a beta of 1.29. Gibson Energy has a 1-year low of C$18.45 and a 1-year high of C$23.40.

Gibson Energy (TSE:GEI) last announced its quarterly earnings results on Tuesday, February 20th. The company reported C$0.32 EPS for the quarter, missing analysts’ consensus estimates of C$0.40 by C($0.08). Gibson Energy had a return on equity of 28.84% and a net margin of 1.95%. The company had revenue of C$2.81 billion during the quarter, compared to analysts’ expectations of C$3.33 billion. On average, sell-side analysts anticipate that Gibson Energy will post 1.5894955 EPS for the current fiscal year.

Gibson Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Shareholders of record on Thursday, March 28th were given a $0.41 dividend. This is a boost from Gibson Energy’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.64 dividend on an annualized basis and a yield of 7.34%. Gibson Energy’s dividend payout ratio is presently 116.31%.

Insiders Place Their Bets

In related news, Director Khalid Muslih purchased 7,000 shares of Gibson Energy stock in a transaction on Tuesday, March 5th. The stock was acquired at an average price of C$16.63 per share, for a total transaction of C$116,410.00. In other news, Director Steven R. Spaulding sold 55,823 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of C$22.72, for a total value of C$1,268,298.56. Also, Director Khalid Muslih acquired 7,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was acquired at an average cost of C$16.63 per share, with a total value of C$116,410.00. Company insiders own 0.81% of the company’s stock.

Gibson Energy Company Profile

Gibson Energy Inc, together with its subsidiaries, engages in the gathering, storage, optimization, processing, and marketing of liquids and refined products in Canada and the United States. It operates through Infrastructure and Marketing segments. The Infrastructure segment operates a network of liquid infrastructure assets that include oil terminals, rail loading and unloading facilities, gathering pipelines, a crude oil processing facility, and other terminals.