Gibson Energy (TSE:GEI) Given a C$28.50 Price Target at Raymond James

Raymond James set a C$28.50 price objective on Gibson Energy (TSE:GEI) in a report published on Friday, BayStreet.CA reports. The firm currently has a strong-buy rating on the stock. Raymond James also issued estimates for Gibson Energy’s FY2025 earnings at $1.57 EPS, FY2026 earnings at $1.71 EPS, FY2027 earnings at $1.87 EPS and FY2028 earnings at $1.94 EPS.

Several other brokerages have also recently issued reports on GEI. JPMorgan Chase & Co. cut their price target on Gibson Energy from C$27.00 to C$26.00 in a research note on Wednesday, October 2nd. BMO Capital Markets increased their target price on Gibson Energy from C$25.00 to C$25.50 in a report on Thursday, September 5th. National Bankshares boosted their price target on Gibson Energy from C$25.00 to C$26.00 and gave the company an outperform rating in a research note on Friday, August 23rd. Finally, Royal Bank of Canada increased their price objective on shares of Gibson Energy from C$27.00 to C$28.00 and gave the stock an outperform rating in a research note on Thursday, October 3rd. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Gibson Energy currently has an average rating of Buy and a consensus price target of C$26.00.

Gibson Energy Stock Up 2.1 %

GEI opened at C$23.45 on Friday. The stock has a fifty day moving average of C$22.08 and a 200-day moving average of C$22.54. The company has a market capitalization of C$3.82 billion, a P/E ratio of 22.12, a P/E/G ratio of 1.85 and a beta of 1.25. Gibson Energy has a fifty-two week low of C$19.33 and a fifty-two week high of C$23.64. The company has a debt-to-equity ratio of 292.01, a quick ratio of 0.87 and a current ratio of 1.18.

Gibson Energy (TSE:GEI) last released its quarterly earnings results on Monday, July 29th. The company reported C$0.38 EPS for the quarter, topping analysts’ consensus estimates of C$0.36 by C$0.02. The business had revenue of C$3.23 billion for the quarter. Gibson Energy had a net margin of 1.42% and a return on equity of 23.48%.

Gibson Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Monday, September 30th will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 6.99%. The ex-dividend date is Friday, September 27th. Gibson Energy’s dividend payout ratio (DPR) is presently 154.72%.

Insider Buying and Selling

In related news, Director Curtis Philippon bought 23,000 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were purchased at an average price of C$22.03 per share, for a total transaction of C$506,690.00. In other news, Director Curtis Philippon bought 23,000 shares of the company’s stock in a transaction on Wednesday, September 4th. The stock was purchased at an average cost of C$22.03 per share, for a total transaction of C$506,690.00. Also, Director Margaret Cahill Montana purchased 3,400 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were purchased at an average cost of C$21.52 per share, for a total transaction of C$73,168.00. 0.85% of the stock is owned by corporate insiders.

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.