Gibson Energy (TSE:GEI) had its price objective raised by Canaccord Genuity from C$28.00 to C$30.00 in a research note released on Tuesday, BayStreet.CA reports.
GEI has been the subject of a number of other research reports. Royal Bank of Canada raised Gibson Energy from a sector perform rating to an outperform rating and lifted their price objective for the company from C$27.00 to C$31.00 in a research report on Wednesday, December 4th. CSFB reissued a neutral rating on shares of Gibson Energy in a research report on Tuesday, November 5th. BMO Capital Markets lifted their price objective on Gibson Energy from C$28.00 to C$29.00 in a research report on Wednesday, December 4th. National Bank Financial lifted their price objective on Gibson Energy from C$28.00 to C$29.00 and gave the company an outperform rating in a research report on Wednesday, December 4th. Finally, TD Securities lifted their price objective on Gibson Energy from C$24.00 to C$25.00 and gave the company a hold rating in a research report on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Gibson Energy presently has a consensus rating of Buy and an average price target of C$26.95.
Shares of GEI stock opened at C$26.41 on Tuesday. Gibson Energy has a 1-year low of C$16.90 and a 1-year high of C$27.11. The company has a current ratio of 1.07, a quick ratio of 0.90 and a debt-to-equity ratio of 209.24. The company has a market capitalization of $3.84 billion and a price-to-earnings ratio of 23.69. The stock’s fifty day simple moving average is C$24.76 and its 200-day simple moving average is C$23.51.
Gibson Energy (TSE:GEI) last released its quarterly earnings data on Monday, November 4th. The company reported C$0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.21 by C$0.09. The firm had revenue of C$1.99 billion for the quarter. On average, sell-side analysts predict that Gibson Energy will post 0.9900001 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, December 30th. This represents a $1.32 dividend on an annualized basis and a yield of 5.00%. Gibson Energy’s payout ratio is 118.39%.
About Gibson Energy
Gibson Energy Inc engages in the gathering, storage, optimization, processing, and marketing of crude oil and refined products in North America. It operates through Infrastructure and Wholesale segments. The Infrastructure segment operates a network of infrastructure assets that include oil terminals, rail loading and unloading facilities, injection stations, gathering pipelines, and a crude oil processing facility, as well as procession, recovery, and disposal terminals.
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