Gibson Energy (TSE:GEI) Announces 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. The firm had revenue of C$4.83 billion during the quarter. Gibson Energy had a return on equity of 16.60% and a net margin of 1.37%.

Gibson Energy Stock Down 2.3%

Shares of Gibson Energy stock opened at C$30.40 on Tuesday. The company has a 50-day simple moving average of C$29.61 and a two-hundred day simple moving average of C$28.69. The stock has a market capitalization of C$5.24 billion, a PE ratio of 34.16, a price-to-earnings-growth ratio of 1.85 and a beta of 0.11. Gibson Energy has a 52-week low of C$22.09 and a 52-week high of C$31.23. The company has a debt-to-equity ratio of 281.88, a quick ratio of 0.87 and a current ratio of 1.17.

Gibson Energy Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date was Monday, June 29th. Gibson Energy’s dividend payout ratio (DPR) is currently 195.51%.

Analysts Set New Price Targets

A number of research firms recently weighed in on GEI. National Bank Financial boosted their target price on Gibson Energy from C$30.00 to C$33.00 and gave the stock an “outperform” rating in a research report on Monday, June 1st. TD raised Gibson Energy from a “hold” rating to a “buy” rating and boosted their target price for the company from C$29.00 to C$32.00 in a research note on Tuesday, May 26th. TD Securities raised shares of Gibson Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 26th. Scotiabank upped their price objective on shares of Gibson Energy from C$29.00 to C$31.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 21st. Finally, Jefferies Financial Group lowered Gibson Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$28.60.

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.