Scotiabank Boosts Gibson Energy (TSE:GEI) Price Target to C$26.00

Gibson Energy (TSE:GEI) had its price objective increased by Scotiabank from C$25.00 to C$26.00 in a report released on Wednesday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

GEI has been the subject of several other reports. JPMorgan Chase & Co. boosted their target price on Gibson Energy from C$25.00 to C$26.00 in a research note on Monday, April 15th. National Bankshares lifted their price target on Gibson Energy from C$24.00 to C$25.00 and gave the stock an outperform rating in a report on Tuesday, January 30th. CIBC lifted their price target on Gibson Energy from C$26.00 to C$27.00 and gave the stock an outperform rating in a report on Monday, January 8th. BMO Capital Markets lifted their price target on Gibson Energy from C$22.50 to C$25.00 and gave the stock a market perform rating in a report on Tuesday. Finally, Jefferies Financial Group set a C$25.00 price target on Gibson Energy and gave the stock a buy rating in a report on Tuesday, February 27th. One investment analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Gibson Energy currently has an average rating of Moderate Buy and an average target price of C$25.63.

Gibson Energy Trading Down 2.1 %

Shares of TSE GEI opened at C$22.11 on Wednesday. Gibson Energy has a twelve month low of C$18.45 and a twelve month high of C$23.40. The stock has a market capitalization of C$3.57 billion, a PE ratio of 15.68, a PEG ratio of 1.85 and a beta of 1.29. The company has a current ratio of 1.12, a quick ratio of 0.87 and a debt-to-equity ratio of 303.96. The stock has a fifty day simple moving average of C$22.74 and a 200-day simple moving average of C$21.44.

Gibson Energy (TSE:GEI) last released its earnings results on Tuesday, February 20th. The company reported C$0.32 EPS for the quarter, missing the consensus estimate of C$0.40 by C($0.08). Gibson Energy had a return on equity of 28.84% and a net margin of 1.95%. The company had revenue of C$2.81 billion for the quarter, compared to analyst estimates of C$3.33 billion. On average, equities analysts forecast that Gibson Energy will post 1.5894955 earnings per share for the current year.

Gibson Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 17th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 7.42%. The ex-dividend date of this dividend is Friday, June 28th. Gibson Energy’s dividend payout ratio is presently 116.31%.

Insider Buying and Selling at Gibson Energy

In other Gibson Energy news, Director Steven R. Spaulding sold 55,823 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of C$22.72, for a total transaction of C$1,268,298.56. In other Gibson Energy news, Director Khalid Muslih bought 7,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were bought at an average price of C$16.63 per share, for a total transaction of C$116,410.00. Also, Director Steven R. Spaulding sold 55,823 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of C$22.72, for a total value of C$1,268,298.56. 0.81% of the stock is owned by company insiders.

Gibson Energy Company Profile

Gibson Energy Inc, together with its subsidiaries, engages in the gathering, storage, optimization, processing, and marketing of liquids and refined products in Canada and the United States. It operates through Infrastructure and Marketing segments. The Infrastructure segment operates a network of liquid infrastructure assets that include oil terminals, rail loading and unloading facilities, gathering pipelines, a crude oil processing facility, and other terminals.