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

Gibson Energy (TSE:GEI) had its price objective raised by National Bank Financial from C$34.00 to C$35.00 in a research note issued to investors on Wednesday morning,BayStreet reports. They currently have an outperform rating on the stock.

Several other analysts also recently commented on the company. Canadian Imperial Bank of Commerce downgraded Gibson Energy from an “outperformer” rating to a “hold” rating and set a C$34.00 price objective for the company. in a research note on Thursday, October 22nd. Jefferies Financial Group downgraded Gibson Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. BMO Capital Markets boosted their target price on Gibson Energy from C$31.00 to C$33.00 and gave the company a “market perform” rating in a report on Tuesday. ATB Cormark Capital Markets increased their price target on Gibson Energy from C$35.00 to C$37.00 and gave the stock an “outperform” rating in a report on Friday, October 23rd. Finally, TD lifted their price objective on shares of Gibson Energy from C$36.00 to C$40.00 and gave the company a “buy” rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$34.20.

Gibson Energy Stock Performance

GEI stock traded down C$0.42 on Wednesday, hitting C$31.44. The company’s stock had a trading volume of 650,000 shares, compared to its average volume of 743,046. Gibson Energy has a 1 year low of C$22.85 and a 1 year high of C$34.66. The company has a current ratio of 0.85, a quick ratio of 0.87 and a debt-to-equity ratio of 296.09. The stock has a market cap of C$5.43 billion, a price-to-earnings ratio of 26.87, a price-to-earnings-growth ratio of 1.85 and a beta of 0.12. The firm has a 50 day moving average of C$32.05 and a two-hundred day moving average of C$30.02.

Gibson Energy (TSE:GEI) last announced its earnings results on Monday, November 2nd. The company reported C$0.45 EPS for the quarter. Gibson Energy had a net margin of 1.47% and a return on equity of 20.74%. The business had revenue of C$3.69 billion during the quarter.

Gibson Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Friday, October 16th were paid a $0.45 dividend. The ex-dividend date was Tuesday, September 29th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.7%. Gibson Energy’s payout ratio is 152.14%.

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.