Gibson Energy (TSE:GEI) Price Target Increased to C$28.00 by Analysts at Royal Bank of Canada

Gibson Energy (TSE:GEI) had its target price increased by Royal Bank of Canada from C$27.00 to C$28.00 in a research note released on Thursday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other equities research analysts have also issued reports on GEI. JPMorgan Chase & Co. dropped their price target on Gibson Energy from C$27.00 to C$26.00 in a research note on Wednesday. National Bankshares boosted their target price 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, BMO Capital Markets boosted their target price on Gibson Energy from C$25.00 to C$25.50 in a research note on Thursday, September 5th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and an average target price of C$25.72.

Gibson Energy Price Performance

The company has a debt-to-equity ratio of 292.01, a quick ratio of 0.87 and a current ratio of 1.18. The business’s 50-day moving average price is C$22.05 and its 200-day moving average price is C$22.54. Gibson Energy has a 52 week low of C$18.74 and a 52 week high of C$23.64. The company has a market capitalization of C$3.71 billion, a price-to-earnings ratio of 21.22, a P/E/G ratio of 1.85 and a beta of 1.25.

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

Gibson Energy Announces Dividend

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

Insider Buying and Selling at Gibson Energy

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