Analysts Set Gibson Energy Inc. (TSE:GEI) Price Target at C$32.50

Gibson Energy Inc. (TSE:GEI) has received a consensus recommendation of “Moderate Buy” from the ten analysts that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$32.50.

GEI has been the topic of a number of research reports. Jefferies Financial Group downgraded shares of Gibson Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 22nd. BMO Capital Markets upped their target price on shares of Gibson Energy from C$29.00 to C$32.00 in a report on Tuesday, July 28th. Canadian Imperial Bank of Commerce increased their price target on shares of Gibson Energy from C$33.00 to C$34.00 in a research report on Wednesday, July 29th. TD upgraded shares of Gibson Energy from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$29.00 to C$32.00 in a research note on Tuesday, May 26th. Finally, ATB Cormark Capital Markets boosted their price objective on shares of Gibson Energy from C$32.00 to C$34.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th.

Gibson Energy Trading Down 0.3%

Shares of TSE:GEI opened at C$31.92 on Thursday. The stock has a market capitalization of C$5.51 billion, a price-to-earnings ratio of 31.92, a PEG ratio of 1.85 and a beta of 0.12. The company has a debt-to-equity ratio of 294.95, a quick ratio of 0.87 and a current ratio of 1.07. The stock’s 50-day simple moving average is C$30.40 and its two-hundred day simple moving average is C$29.34. 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 released 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 return on equity of 18.23% and a net margin of 1.32%.The business had revenue of C$4.83 billion during the quarter.

Gibson Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Friday, July 17th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend was Monday, June 29th. Gibson Energy’s dividend payout ratio (DPR) is currently 176.00%.

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.