Gibson Energy (TSE:GEI) Price Target Raised to C$35.00

Gibson Energy (TSE:GEI) had its price objective boosted by ATB Cormark Capital Markets from C$34.00 to C$35.00 in a research report report published on Wednesday morning,BayStreet reports.

A number of other equities analysts have also commented on GEI. Scotiabank raised their target price on shares of 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. Royal Bank Of Canada increased their price objective on Gibson Energy from C$30.00 to C$33.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. National Bank Financial raised their price objective on Gibson Energy from C$33.00 to C$34.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. TD upped their target price on Gibson Energy from C$34.00 to C$35.00 and gave the stock a “buy” rating in a report on Tuesday, September 1st. Finally, Canadian Imperial Bank of Commerce increased their price target on Gibson Energy from C$33.00 to C$34.00 in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$32.90.

Gibson Energy Trading Up 1.3%

TSE GEI opened at C$31.45 on Wednesday. The company’s 50-day moving average price is C$31.37 and its 200-day moving average price is C$29.99. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 294.95. The stock has a market cap of C$5.43 billion, a PE ratio of 31.45, a PEG ratio of 1.85 and a beta of -0.00. Gibson Energy has a 12 month low of C$22.09 and a 12 month high of C$32.99.

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

Gibson Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Friday, October 16th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 5.7%. The ex-dividend date of this dividend is Tuesday, September 29th. Gibson Energy’s dividend payout ratio (DPR) is presently 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.