Gibson Energy (TSE:GEI) Price Target Raised to C$40.00

Gibson Energy (TSE:GEI) had its price target increased by TD from C$36.00 to C$40.00 in a report issued on Wednesday,BayStreet reports. The brokerage currently has a buy rating on the stock.

Several other equities analysts have also commented on the stock. Scotiabank increased their price objective on shares of Gibson Energy from C$29.00 to C$31.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 21st. ATB Cormark Capital Markets raised their price objective on Gibson Energy from C$35.00 to C$37.00 and gave the company an “outperform” rating in a research note on Friday, October 23rd. National Bank Financial lifted their target price on Gibson Energy from C$33.00 to C$34.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Royal Bank Of Canada increased their price target on Gibson Energy from C$30.00 to C$33.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Finally, Raymond James Financial boosted their target price on Gibson Energy from C$37.00 to C$38.00 and gave the company an “outperform” rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Gibson Energy presently has an average rating of “Moderate Buy” and an average target price of C$34.20.

Gibson Energy Price Performance

TSE GEI traded down C$0.42 during trading on Wednesday, hitting C$31.44. 650,000 shares of the stock traded hands, compared to its average volume of 743,046. The company has a market capitalization of C$5.43 billion, a P/E ratio of 26.87, a price-to-earnings-growth ratio of 1.85 and a beta of 0.12. The firm has a 50-day simple moving average of C$32.05 and a 200-day simple moving average of C$30.02. The company has a quick ratio of 0.87, a current ratio of 0.85 and a debt-to-equity ratio of 296.09. Gibson Energy has a 12-month low of C$22.85 and a 12-month high of C$34.66.

Gibson Energy (TSE:GEI) last issued its quarterly earnings data on Monday, November 2nd. The company reported C$0.45 earnings per share (EPS) for the quarter. The business had revenue of C$3.69 billion for the quarter. Gibson Energy had a return on equity of 20.74% and a net margin of 1.47%.

Gibson Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Friday, October 16th were issued a $0.45 dividend. The ex-dividend date was Tuesday, September 29th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.7%. Gibson Energy’s dividend payout ratio is presently 152.14%.

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.