Gibson Energy Inc. (TSE:GEI) Stock Has Average Target Price of C$32.90 According to Brokerages

Shares of Gibson Energy Inc. (TSE:GEI) have earned a consensus rating of “Moderate Buy” from the eight analysts that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$32.90.

GEI has been the subject of several analyst reports. National Bank Financial raised their price target on Gibson Energy from C$33.00 to C$34.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Scotiabank upped 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 note on Tuesday, July 21st. BMO Capital Markets increased their price objective on shares of Gibson Energy from C$29.00 to C$32.00 in a research report on Tuesday, July 28th. ATB Cormark Capital Markets raised their price objective on shares of Gibson Energy from C$34.00 to C$35.00 in a research note on Wednesday, September 30th. Finally, Raymond James Financial lifted their target price on shares of Gibson Energy from C$35.00 to C$36.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th.

Gibson Energy Stock Performance

Shares of GEI opened at C$32.16 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 294.95. The stock has a market cap of C$5.55 billion, a P/E ratio of 32.16, a P/E/G ratio of 1.85 and a beta of -0.03. The business’s 50 day moving average price is C$31.36 and its 200-day moving average price is C$30.05. Gibson Energy has a 52 week low of C$22.09 and a 52 week high of C$32.99.

Gibson Energy (TSE:GEI) last posted its quarterly earnings data on Monday, July 27th. The company reported C$0.48 earnings per share for the quarter. Gibson Energy had a return on equity of 18.23% and a net margin of 1.32%.The company had revenue of C$4.83 billion during the quarter.

Gibson Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Friday, October 16th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a $1.80 annualized dividend and a dividend yield of 5.6%. Gibson Energy’s dividend payout ratio (DPR) is 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.