Gibson Energy (TSE:GEI) Price Target Raised to C$39.00

Gibson Energy (TSE:GEI) had its price objective boosted by ATB Cormark Capital Markets from C$37.00 to C$39.00 in a report issued on Wednesday,BayStreet reports. ATB Cormark Capital Markets currently has an outperform rating on the stock.

Other research analysts have also recently issued research reports about the stock. TD boosted their price objective on shares of Gibson Energy from C$36.00 to C$40.00 and gave the company a “buy” rating in a report on Wednesday. Raymond James Financial increased their target price on shares of Gibson Energy from C$37.00 to C$38.00 and gave the stock an “outperform” rating in a report on Wednesday. Scotiabank lifted their price target on shares of Gibson Energy from C$29.00 to C$31.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 21st. BMO Capital Markets boosted their price target on shares of Gibson Energy from C$31.00 to C$33.00 and gave the company a “market perform” rating in a report on Tuesday. Finally, National Bank Financial raised their price objective on Gibson Energy from C$34.00 to C$35.00 and gave the stock an “outperform” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$34.20.

Gibson Energy Trading Down 1.3%

Shares of Gibson Energy stock traded down C$0.42 during trading on Wednesday, reaching C$31.44. 650,000 shares of the company were exchanged, compared to its average volume of 743,046. The business has a 50-day moving average price of C$32.05 and a 200-day moving average price of C$30.02. The firm has a market capitalization of C$5.43 billion, a price-to-earnings ratio of 26.87, a P/E/G ratio of 1.85 and a beta of 0.12. The company has a quick ratio of 0.87, a current ratio of 0.85 and a debt-to-equity ratio of 296.09. Gibson Energy has a twelve month low of C$22.85 and a twelve month high of C$34.66.

Gibson Energy (TSE:GEI) last released its earnings results on Monday, November 2nd. The company reported C$0.45 earnings per share for the quarter. The firm had revenue of C$3.69 billion for the quarter. Gibson Energy had a return on equity of 20.74% and a net margin of 1.47%.

Gibson Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Friday, October 16th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date was Tuesday, September 29th. Gibson Energy’s dividend payout ratio (DPR) is presently 152.14%.

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.