Gibson Energy Inc. (TSE:GEI) Receives C$32.50 Average PT from Brokerages

Gibson Energy Inc. (TSE:GEI) has been given an average rating of “Moderate Buy” by the ten research firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$32.50.

A number of analysts have recently weighed in on the stock. ATB Cormark Capital Markets upped their price target on shares of Gibson Energy from C$32.00 to C$34.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. 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. Raymond James Financial boosted their target price on Gibson Energy from C$35.00 to C$36.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. National Bank Financial upped their target price on Gibson Energy from C$33.00 to C$34.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Finally, Scotiabank increased their price target on 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.

Gibson Energy Stock Performance

GEI stock opened at C$32.02 on Thursday. The company has a market capitalization of C$5.53 billion, a P/E ratio of 32.02, a PEG ratio of 1.85 and a beta of 0.12. The company has a 50-day simple moving average of C$30.35 and a 200 day simple moving average of C$29.28. Gibson Energy has a fifty-two week low of C$22.09 and a fifty-two week high of C$32.99. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 294.95.

Gibson Energy (TSE:GEI) last announced its 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 during the quarter. Gibson Energy had a net margin of 1.32% and a return on equity of 18.23%.

Gibson Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Friday, July 17th were paid a $0.45 dividend. 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 payout ratio is currently 176.00%.

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.