CSFB Raises Gibson Energy (GEI) Price Target to C$26.00

Gibson Energy (TSE:GEI) had its target price hoisted by CSFB from C$24.00 to C$26.00 in a research report released on Tuesday.

Other analysts also recently issued reports about the company. TD Securities lifted their price objective on Gibson Energy from C$18.00 to C$19.50 in a report on Friday, August 10th. National Bank Financial lifted their price objective on Gibson Energy from C$19.00 to C$21.00 and gave the company a sector perform rating in a report on Thursday, August 9th. Desjardins lifted their price objective on Gibson Energy from C$21.00 to C$22.00 in a report on Friday, August 10th. GMP Securities lifted their price objective on Gibson Energy from C$19.50 to C$22.25 in a report on Friday, August 10th. Finally, BMO Capital Markets lifted their price objective on Gibson Energy from C$19.00 to C$20.00 in a report on Thursday, August 9th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of Hold and an average price target of C$22.48.

GEI stock opened at C$22.70 on Tuesday. Gibson Energy has a 1-year low of C$15.68 and a 1-year high of C$23.04.

Gibson Energy (TSE:GEI) last released its quarterly earnings data on Wednesday, August 8th. The company reported C$0.10 earnings per share for the quarter, meeting the consensus estimate of C$0.10. The firm had revenue of C$1.76 billion during the quarter, compared to the consensus estimate of C$1.64 billion. Gibson Energy had a negative return on equity of 3.20% and a negative net margin of 0.61%.

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 17th. Shareholders of record on Friday, September 28th were paid a $0.33 dividend. The ex-dividend date was Thursday, September 27th. This represents a $1.32 annualized dividend and a yield of 5.81%.

In related news, Director John Larry Festival bought 9,000 shares of the business’s stock in a transaction on Tuesday, August 14th. The shares were bought at an average price of C$19.90 per share, for a total transaction of C$179,100.00. Also, insider Sean Brown bought 10,527 shares of the business’s stock in a transaction on Tuesday, August 21st. The stock was bought at an average price of C$19.78 per share, for a total transaction of C$208,224.06.

About Gibson Energy

Gibson Energy Inc, an integrated midstream company, engages in the movement, storage, optimization, processing, marketing, and distribution of crude oil, condensate, natural gas liquids (NGLs), water, oilfield waste, and refined products in North America. It operates through four segments: Infrastructure, Logistics, Wholesale, and Other.

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Analyst Recommendations for Gibson Energy (TSE:GEI)

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