Gibson Energy (TSE:GEI) Issues Quarterly Earnings Results

Gibson Energy (TSE:GEI) posted its quarterly earnings data on Monday. The company reported C($0.01) EPS for the quarter, FiscalAI reports. The firm had revenue of C$2.75 billion for the quarter. Gibson Energy had a return on equity of 22.62% and a net margin of 1.85%.

Gibson Energy Trading Up 1.0%

Shares of Gibson Energy stock traded up C$0.29 on Monday, hitting C$30.19. 513,611 shares of the company traded hands, compared to its average volume of 839,432. The stock’s 50 day moving average price is C$29.15 and its 200-day moving average price is C$26.72. The company has a current ratio of 1.05, a quick ratio of 0.87 and a debt-to-equity ratio of 346.20. Gibson Energy has a 52 week low of C$21.38 and a 52 week high of C$30.50. The company has a market cap of C$5.21 billion, a PE ratio of 25.16, a PEG ratio of 1.85 and a beta of 0.20.

Gibson Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 17th. Shareholders of record on Friday, April 17th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend was Monday, March 30th. Gibson Energy’s payout ratio is 143.33%.

Analyst Ratings Changes

Separately, TD Securities boosted their target price on Gibson Energy from C$26.00 to C$29.00 and gave the company a “hold” rating in a research report on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Gibson Energy presently has an average rating of “Moderate Buy” and a consensus target price of C$27.50.

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.