Gibson Energy (TSE:GEI) Price Target Raised to C$36.00

Gibson Energy (TSE:GEIFree Report) had its price objective boosted by Raymond James Financial from C$35.00 to C$36.00 in a research note issued to investors on Wednesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other brokerages have also recently weighed in on GEI. TD Securities upgraded Gibson Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 26th. TD upgraded shares of Gibson Energy from a “hold” rating to a “buy” rating and raised their target price for the stock from C$29.00 to C$32.00 in a research report on Tuesday, May 26th. BMO Capital Markets lifted their target price on shares of Gibson Energy from C$29.00 to C$32.00 in a report on Tuesday. Canadian Imperial Bank of Commerce upped their price target on shares of Gibson Energy from C$33.00 to C$34.00 in a research report on Wednesday. Finally, Jefferies Financial Group cut shares of Gibson Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$32.50.

Read Our Latest Report on Gibson Energy

Gibson Energy Stock Down 0.5%

Gibson Energy stock opened at C$32.09 on Wednesday. The company has a market capitalization of C$5.54 billion, a P/E ratio of 32.09, a PEG ratio of 1.85 and a beta of 0.11. The company has a debt-to-equity ratio of 294.95, a quick ratio of 0.87 and a current ratio of 1.07. Gibson Energy has a fifty-two week low of C$22.09 and a fifty-two week high of C$32.99. The stock has a 50-day simple moving average of C$29.86 and a 200-day simple moving average of C$28.88.

Gibson Energy (TSE:GEIGet Free Report) last released its quarterly earnings results 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 return on equity of 18.23% and a net margin of 1.32%.

Gibson Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Friday, July 17th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 5.6%. The ex-dividend date was Monday, June 29th. Gibson Energy’s dividend payout ratio (DPR) is 176.00%.

Key Stories Impacting Gibson Energy

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About Gibson Energy

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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.

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Analyst Recommendations for Gibson Energy (TSE:GEI)

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