Gibson Energy Inc. (TSE:GEI) Receives C$28.00 Average Price Target from Brokerages

Gibson Energy Inc. (TSE:GEI) has received an average recommendation of “Moderate Buy” from the nine brokerages that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$28.00.

Several research firms recently issued reports on GEI. National Bank Financial upped their price target on 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. TD raised Gibson Energy from a “hold” rating to a “buy” rating and upped their price target for the company from C$29.00 to C$32.00 in a research report on Tuesday, May 26th. Finally, TD Securities raised Gibson Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 26th.

Gibson Energy Stock Performance

Shares of GEI opened at C$30.04 on Wednesday. The business’s 50 day moving average is C$28.86 and its two-hundred day moving average is C$28.01. Gibson Energy has a 52-week low of C$22.09 and a 52-week high of C$30.50. The firm has a market cap of C$5.18 billion, a price-to-earnings ratio of 33.75, a PEG ratio of 1.85 and a beta of 0.11. The company has a quick ratio of 0.87, a current ratio of 1.17 and a debt-to-equity ratio of 281.88.

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

Gibson Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Friday, July 17th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend is Monday, June 29th. Gibson Energy’s dividend 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.