Gibson Energy (TSE:GEI) Price Target Raised to C$27.00

Gibson Energy (TSE:GEI) had its target price hoisted by JPMorgan Chase & Co. from C$26.00 to C$27.00 in a research report report published on Friday morning, BayStreet.CA reports. They currently have an overweight rating on the stock.

Several other research analysts have also recently weighed in on the stock. Stifel Nicolaus cut their price target on shares of Gibson Energy from C$26.00 to C$25.00 and set a buy rating on the stock in a report on Wednesday, May 1st. Scotiabank upped their target price on Gibson Energy from C$25.00 to C$26.00 and gave the stock an outperform rating in a research note on Wednesday, May 1st. Finally, BMO Capital Markets lifted their price target on shares of Gibson Energy from C$22.50 to C$25.00 and gave the company a market perform rating in a report on Tuesday, April 30th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Gibson Energy presently has an average rating of Moderate Buy and an average price target of C$25.64.

Gibson Energy Stock Performance

Shares of GEI opened at C$23.25 on Friday. Gibson Energy has a twelve month low of C$18.45 and a twelve month high of C$23.64. The company has a debt-to-equity ratio of 288.27, a quick ratio of 0.87 and a current ratio of 1.03. The firm’s 50 day moving average price is C$22.77 and its two-hundred day moving average price is C$22.07. The firm has a market cap of C$3.78 billion, a P/E ratio of 22.14, a PEG ratio of 1.85 and a beta of 1.29.

Gibson Energy (TSE:GEI) last released its quarterly earnings results on Monday, April 29th. The company reported C$0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.39 by C($0.14). Gibson Energy had a net margin of 1.39% and a return on equity of 21.90%. The firm had revenue of C$3.29 billion during the quarter, compared to the consensus estimate of C$2.87 billion. On average, analysts forecast that Gibson Energy will post 1.55517 EPS for the current fiscal year.

Gibson Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 17th. Stockholders of record on Wednesday, July 17th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 7.05%. The ex-dividend date of this dividend is Friday, June 28th. Gibson Energy’s payout ratio is presently 156.19%.

About Gibson Energy

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.