Gibson Energy (TSE:GEI) Given New C$26.00 Price Target at JPMorgan Chase & Co.

Gibson Energy (TSE:GEI) had its price objective trimmed by JPMorgan Chase & Co. from C$27.00 to C$26.00 in a research note released on Wednesday, BayStreet.CA reports.

Several other equities research analysts have also issued reports on GEI. National Bankshares lifted their price target on Gibson Energy from C$25.00 to C$26.00 and gave the company an outperform rating in a report on Friday, August 23rd. BMO Capital Markets raised their price objective on Gibson Energy from C$25.00 to C$25.50 in a research note on Thursday, September 5th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has an average rating of Moderate Buy and an average price target of C$25.72.

Gibson Energy Price Performance

The firm has a market cap of C$3.71 billion, a price-to-earnings ratio of 21.22, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 292.01. Gibson Energy has a 1-year low of C$18.74 and a 1-year high of C$23.64. The firm’s 50-day moving average price is C$22.05 and its 200-day moving average price is C$22.54.

Gibson Energy (TSE:GEI) last announced its quarterly earnings results on Monday, July 29th. The company reported C$0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.36 by C$0.02. The business had revenue of C$3.23 billion during the quarter. Gibson Energy had a return on equity of 23.48% and a net margin of 1.42%. As a group, equities research analysts predict that Gibson Energy will post 1.6838951 earnings per share for the current year.

Gibson Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Monday, September 30th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date is Friday, September 27th. Gibson Energy’s payout ratio is 154.72%.

Insiders Place Their Bets

In other Gibson Energy news, Director Margaret Cahill Montana purchased 3,400 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were bought at an average cost of C$21.52 per share, with a total value of C$73,168.00. In other Gibson Energy news, Director Margaret Cahill Montana purchased 3,400 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were bought at an average cost of C$21.52 per share, with a total value of C$73,168.00. Also, Director Curtis Philippon purchased 23,000 shares of the company’s stock in a transaction on Wednesday, September 4th. The stock was acquired at an average cost of C$22.03 per share, for a total transaction of C$506,690.00. Company insiders own 0.85% of the company’s stock.

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.