Analysts Set Gibson Energy Inc. (TSE:GEI) Target Price at C$32.80

Shares of Gibson Energy Inc. (TSE:GEI) have received a consensus rating of “Moderate Buy” from the eight research firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$32.80.

A number of research analysts recently weighed in on the stock. Scotiabank increased their price objective on shares of Gibson Energy from C$29.00 to C$31.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 21st. Royal Bank Of Canada upped their price target on shares of Gibson Energy from C$30.00 to C$33.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. TD upped their target price on shares of Gibson Energy from C$34.00 to C$35.00 and gave the company a “buy” rating in a report on Tuesday, September 1st. Raymond James Financial increased their price target on shares of Gibson Energy from C$35.00 to C$36.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Finally, ATB Cormark Capital Markets lifted their price target on shares of Gibson Energy from C$32.00 to C$34.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th.

Gibson Energy Stock Performance

Shares of GEI stock opened at C$31.80 on Monday. Gibson Energy has a one year low of C$22.09 and a one year high of C$32.99. The company’s 50-day moving average is C$31.06 and its 200 day moving average is C$29.80. The company has a market capitalization of C$5.49 billion, a price-to-earnings ratio of 31.80, a price-to-earnings-growth ratio of 1.85 and a beta of -0.00. The company has a debt-to-equity ratio of 294.95, a quick ratio of 0.87 and a current ratio of 1.07.

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

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 given a dividend of $0.45 per share. The ex-dividend date was Monday, June 29th. This represents a $1.80 annualized dividend and a yield of 5.7%. Gibson Energy’s payout ratio is 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.