Analysts Set Gibson Energy Inc. (TSE:GEI) Price Target at C$27.50

Shares of Gibson Energy Inc. (TSE:GEI) have received a consensus rating of “Moderate Buy” from the nine ratings firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation 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$27.50.

Separately, TD Securities raised their price objective on shares of Gibson Energy from C$26.00 to C$29.00 and gave the stock a “hold” rating in a research report on Wednesday, February 18th.

Gibson Energy Price Performance

Gibson Energy stock opened at C$28.05 on Tuesday. Gibson Energy has a 12-month low of C$21.98 and a 12-month high of C$30.50. The stock has a market cap of C$4.84 billion, a P/E ratio of 31.52, a PEG ratio of 1.85 and a beta of 0.21. The company has a 50-day moving average price of C$29.07 and a 200 day moving average price of C$26.80. The company has a current ratio of 1.17, a quick ratio of 0.87 and a debt-to-equity ratio of 281.88.

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

Gibson Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 17th. Shareholders 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 dividend on an annualized basis and a dividend yield of 6.4%. Gibson Energy’s dividend payout ratio (DPR) 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.