Gibson Energy (TSE:GEI) Rating Increased to Strong-Buy at TD Securities

TD Securities upgraded shares of Gibson Energy (TSE:GEI) from a hold rating to a strong-buy rating in a research report sent to investors on Tuesday,Zacks.com reports.

Separately, TD raised Gibson Energy from a “hold” rating to a “buy” rating and increased their target price for the stock from C$29.00 to C$32.00 in a research report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Gibson Energy currently has a consensus rating of “Moderate Buy” and an average price target of C$27.88.

Gibson Energy Price Performance

Shares of TSE GEI opened at C$29.33 on Tuesday. Gibson Energy has a 1-year low of C$22.09 and a 1-year high of C$30.50. The company has a debt-to-equity ratio of 281.88, a current ratio of 1.17 and a quick ratio of 0.87. The business’s fifty day moving average price is C$28.90 and its two-hundred day moving average price is C$27.27. The firm has a market capitalization of C$5.06 billion, a PE ratio of 32.96, a P/E/G ratio of 1.85 and a beta of 0.21.

Gibson Energy (TSE:GEI) last issued its earnings results on Monday, May 4th. The company reported C($0.01) earnings per share for the quarter. Gibson Energy had a return on equity of 16.60% and a net margin of 1.37%.The company had revenue of C$2.75 billion during the quarter.

Gibson Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 17th. Stockholders of record on Friday, April 17th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend was Monday, March 30th. Gibson Energy’s dividend payout ratio (DPR) is 195.51%.

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.