Gibson Energy (TSE:GEI) Price Target Raised to C$33.00

Gibson Energy (TSE:GEIFree Report) had its target price hoisted by Royal Bank Of Canada from C$30.00 to C$33.00 in a research report report published on Wednesday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Other analysts have also issued research reports about the stock. BMO Capital Markets increased their price objective on shares of Gibson Energy from C$29.00 to C$32.00 in a research note on Tuesday. National Bank Financial boosted their target price on shares of Gibson Energy from C$30.00 to C$33.00 and gave the company an “outperform” rating in a research report on Monday, June 1st. Jefferies Financial Group lowered shares of Gibson Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Scotiabank increased their price target on 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. Finally, TD raised Gibson Energy from a “hold” rating to a “buy” rating and increased their price target for the stock from C$29.00 to C$32.00 in a research report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$32.50.

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Gibson Energy Price Performance

Shares of TSE GEI opened at C$32.09 on Wednesday. The business’s 50 day moving average price is C$29.86 and its 200 day moving average price is C$28.88. The firm has a market cap of C$5.54 billion, a P/E ratio of 32.09, a P/E/G ratio of 1.85 and a beta of 0.11. Gibson Energy has a 52 week low of C$22.09 and a 52 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:GEIGet Free Report) last posted its quarterly earnings results on Monday, July 27th. The company reported C$0.48 earnings per share (EPS) for the quarter. Gibson Energy had a net margin of 1.32% and a return on equity of 18.23%. The company had revenue of C$4.83 billion during the quarter.

Gibson Energy Announces Dividend

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

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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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