Brokerages Set Gibson Energy Inc. (TSE:GEI) Price Target at C$25.64

Gibson Energy Inc. (TSE:GEI) has received an average rating of “Moderate Buy” from the twelve ratings firms that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is C$25.64.

GEI has been the topic of a number of analyst reports. Stifel Nicolaus cut their price target on Gibson Energy from C$26.00 to C$25.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. JPMorgan Chase & Co. increased their price target on Gibson Energy from C$26.00 to C$27.00 and gave the company an “overweight” rating in a research note on Friday, June 28th. BMO Capital Markets increased their price target on Gibson Energy from C$22.50 to C$25.00 and gave the company a “market perform” rating in a research note on Tuesday, April 30th. Finally, Scotiabank upped their price objective on shares of Gibson Energy from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st.

Gibson Energy Stock Down 1.4 %

TSE:GEI opened at C$22.99 on Friday. The stock’s fifty day moving average price is C$22.79 and its two-hundred day moving average price is C$22.12. Gibson Energy has a 52-week low of C$18.45 and a 52-week high of C$23.64. The company has a debt-to-equity ratio of 288.27, a quick ratio of 0.87 and a current ratio of 1.03. The company has a market cap of C$3.74 billion, a price-to-earnings ratio of 21.90, a P/E/G ratio of 1.85 and a beta of 1.29.

Gibson Energy (TSE:GEI) last posted its quarterly earnings data on Monday, April 29th. The company reported C$0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.39 by C($0.14). The firm had revenue of C$3.29 billion for the quarter, compared to analyst estimates of C$2.87 billion. Gibson Energy had a return on equity of 21.90% and a net margin of 1.39%. On average, analysts anticipate that Gibson Energy will post 1.55517 EPS for the current year.

Gibson Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 17th. Shareholders of record on Wednesday, July 17th will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 7.13%. The ex-dividend date is Friday, June 28th. Gibson Energy’s dividend payout ratio (DPR) is presently 156.19%.

About Gibson Energy

Gibson Energy Inc, together with its subsidiaries, engages in the gathering, storage, optimization, processing, and marketing of liquids and refined products in Canada and the United States. It operates through Infrastructure and Marketing segments. The Infrastructure segment operates a network of liquid infrastructure assets that include oil terminals, rail loading and unloading facilities, gathering pipelines, a crude oil processing facility, and other terminals.