Analysts Set Gibson Energy Inc. (TSE:GEI) Target Price at C$27.88

Shares of Gibson Energy Inc. (TSE:GEI) have received an average rating of “Moderate Buy” from the ten research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$28.21.

Several equities analysts have recently issued reports on GEI shares. National Bank Financial boosted their price objective on Gibson Energy from C$30.00 to C$33.00 and gave the stock an “outperform” rating in a research report on Monday. TD Securities upgraded Gibson Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 26th. Finally, TD upgraded Gibson Energy from a “hold” rating to a “buy” rating and boosted their price objective for the stock from C$29.00 to C$32.00 in a research report on Tuesday, May 26th.

Gibson Energy Stock Down 1.2%

TSE:GEI opened at C$28.82 on Friday. The company has a current ratio of 1.17, a quick ratio of 0.87 and a debt-to-equity ratio of 281.88. The stock has a 50 day moving average of C$28.79 and a 200-day moving average of C$27.50. The firm has a market capitalization of C$4.97 billion, a PE ratio of 32.38, a price-to-earnings-growth ratio of 1.85 and a beta of 0.21. Gibson Energy has a 52 week low of C$22.09 and a 52 week high of C$30.50.

Gibson Energy (TSE:GEI) last issued its quarterly earnings data on Monday, May 4th. The company reported C($0.01) earnings per share (EPS) for the quarter. The business had revenue of C$2.75 billion for the quarter. Gibson Energy had a return on equity of 16.60% and a net margin of 1.37%.

Gibson Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 17th. Stockholders of record on Friday, April 17th were given a dividend of $0.45 per share. The ex-dividend date was Monday, March 30th. This represents a $1.80 annualized dividend and a dividend yield of 6.2%. Gibson Energy’s payout ratio is currently 195.51%.

About Gibson Energy

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.