Gibson Energy (TSE:GEI) Releases Quarterly Earnings Results

Gibson Energy (TSE:GEI) posted its quarterly earnings data on Monday. The company reported C$0.45 earnings per share for the quarter, FiscalAI reports. The company had revenue of C$3.69 billion for the quarter. Gibson Energy had a net margin of 1.32% and a return on equity of 18.23%.

Gibson Energy Price Performance

GEI traded down C$0.66 during midday trading on Monday, hitting C$33.39. The stock had a trading volume of 685,655 shares, compared to its average volume of 743,674. The company has a market cap of C$5.76 billion, a P/E ratio of 33.39, a price-to-earnings-growth ratio of 1.85 and a beta of -0.03. The business has a fifty day moving average of C$31.89 and a 200 day moving average of C$29.85. The company has a debt-to-equity ratio of 294.95, a quick ratio of 0.87 and a current ratio of 1.07. Gibson Energy has a 1 year low of C$22.09 and a 1 year high of C$34.20.

Gibson Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Friday, October 16th were paid a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $1.80 annualized dividend and a yield of 5.4%. Gibson Energy’s dividend payout ratio is currently 176.00%.

Analyst Ratings Changes

GEI has been the subject of a number of research reports. Royal Bank Of Canada boosted their price target on shares of Gibson Energy from C$30.00 to C$33.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. National Bank Financial raised their price objective on shares of Gibson Energy from C$33.00 to C$34.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Jefferies Financial Group downgraded shares of Gibson Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 22nd. BMO Capital Markets upped their target price on shares of Gibson Energy from C$29.00 to C$32.00 in a research report on Tuesday, July 28th. Finally, TD upped their target price on shares of Gibson Energy from C$34.00 to C$35.00 and gave the stock a “buy” rating in a research report on Tuesday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Gibson Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of C$33.10.

About Gibson Energy

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.