Raymond James Raises Gibson Energy (TSE:GEI) Price Target to C$30.00

Gibson Energy (TSE:GEI) had its price target boosted by Raymond James from C$28.50 to C$30.00 in a report released on Thursday,BayStreet.CA reports.

GEI has been the topic of several other research reports. JPMorgan Chase & Co. cut their price objective on Gibson Energy from C$27.00 to C$26.00 in a research report on Wednesday, October 2nd. BMO Capital Markets upped their price target on shares of Gibson Energy from C$25.00 to C$25.50 in a report on Thursday, September 5th. Royal Bank of Canada lifted their price objective on shares of Gibson Energy from C$27.00 to C$28.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. National Bankshares upped their target price on shares of Gibson Energy from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Friday, August 23rd. Finally, Scotiabank raised their target price on shares of Gibson Energy from C$25.00 to C$26.00 in a research report on Thursday. Nine research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$26.70.

Gibson Energy Stock Up 6.5 %

Shares of TSE:GEI opened at C$25.59 on Thursday. The company has a debt-to-equity ratio of 292.01, a current ratio of 1.18 and a quick ratio of 0.87. The business has a 50 day simple moving average of C$23.21 and a two-hundred day simple moving average of C$22.71. Gibson Energy has a 1 year low of C$19.42 and a 1 year high of C$26.10. The firm has a market capitalization of C$4.17 billion, a PE ratio of 24.14, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25.

Gibson Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 6.41%. The ex-dividend date of this dividend is Tuesday, December 31st. Gibson Energy’s dividend payout ratio (DPR) is 154.72%.

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.