Gibson Energy (TSE:GEI) Trading Up 4% Following Analyst Upgrade

Gibson Energy Inc. (TSE:GEI)’s stock price was up 4% on Tuesday after BMO Capital Markets raised their price target on the stock from C$29.00 to C$32.00. The company traded as high as C$31.94 and last traded at C$31.63. Approximately 593,293 shares traded hands during trading, a decline of 26% from the average session volume of 805,616 shares. The stock had previously closed at C$30.40.

A number of other analysts have also commented on the stock. Jefferies Financial Group lowered shares of Gibson Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Scotiabank raised 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. TD upgraded shares of Gibson Energy from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$29.00 to C$32.00 in a report on Tuesday, May 26th. National Bank Financial boosted their target price on shares of 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. Finally, TD Securities raised shares of Gibson Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$29.10.

Gibson Energy Price Performance

The firm has a market capitalization of C$5.51 billion, a PE ratio of 35.88, a price-to-earnings-growth ratio of 1.85 and a beta of 0.11. The business has a 50-day moving average of C$29.61 and a 200 day moving average of C$28.69. The company has a current ratio of 1.17, a quick ratio of 0.87 and a debt-to-equity ratio of 281.88.

Gibson Energy (TSE:GEI) last posted its quarterly earnings data on Monday, July 27th. The company reported C$0.48 earnings per share (EPS) for the quarter. The firm had revenue of C$4.83 billion for the quarter. Gibson Energy had a net margin of 1.37% and a return on equity of 16.60%.

Gibson Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Friday, July 17th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend was Monday, June 29th. Gibson Energy’s dividend payout ratio (DPR) is presently 195.51%.

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.