Scotiabank Boosts Gibson Energy (TSE:GEI) Price Target to C$26.00

Gibson Energy (TSE:GEI) had its price objective lifted by Scotiabank from C$25.00 to C$26.00 in a research report released on Wednesday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other research firms have also recently issued reports on GEI. CIBC upped their price objective on Gibson Energy from C$26.00 to C$27.00 and gave the stock an outperform rating in a research report on Monday, January 8th. National Bankshares upped their price target on Gibson Energy from C$24.00 to C$25.00 and gave the company an outperform rating in a report on Tuesday, January 30th. BMO Capital Markets increased their price target on shares of Gibson Energy from C$22.50 to C$25.00 and gave the company a market perform rating in a research note on Tuesday. Jefferies Financial Group set a C$25.00 price objective on shares of Gibson Energy and gave the stock a buy rating in a research report on Tuesday, February 27th. Finally, JPMorgan Chase & Co. upped their target price on shares of Gibson Energy from C$25.00 to C$26.00 in a report on Monday, April 15th. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, Gibson Energy has a consensus rating of Moderate Buy and a consensus target price of C$25.63.

Gibson Energy Stock Down 0.0 %

Shares of Gibson Energy stock opened at C$22.15 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 1.12 and a debt-to-equity ratio of 303.96. Gibson Energy has a 52-week low of C$18.45 and a 52-week high of C$23.40. The company has a market capitalization of C$3.58 billion, a P/E ratio of 15.86, a P/E/G ratio of 1.85 and a beta of 1.29. The company has a 50 day moving average of C$22.75 and a 200 day moving average of C$21.45.

Gibson Energy (TSE:GEI) last released its quarterly earnings data on Tuesday, February 20th. The company reported C$0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.40 by C($0.08). The firm had revenue of C$2.81 billion for the quarter, compared to analysts’ expectations of C$3.33 billion. Gibson Energy had a return on equity of 28.84% and a net margin of 1.95%. As a group, research analysts forecast that Gibson Energy will post 1.5894955 EPS for the current fiscal year.

Gibson Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 17th. Shareholders of record on Friday, June 28th will be paid a $0.41 dividend. The ex-dividend date is Thursday, June 27th. This represents a $1.64 dividend on an annualized basis and a yield of 7.40%. Gibson Energy’s dividend payout ratio is presently 116.31%.

Insider Activity

In related news, Senior Officer Sean Brown sold 35,000 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of C$19.97, for a total transaction of C$698,950.00. In other Gibson Energy news, Director Steven R. Spaulding sold 55,823 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of C$22.72, for a total value of C$1,268,298.56. Also, Senior Officer Sean Brown sold 35,000 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of C$19.97, for a total transaction of C$698,950.00. Corporate insiders own 0.81% of the company’s stock.

Gibson Energy Company Profile

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.