Gibson Energy (TSE:GEI) Price Target Cut to C$25.00

Gibson Energy (TSE:GEI) had its price target decreased by Stifel Nicolaus from C$26.00 to C$25.00 in a research note published on Wednesday morning, BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.

GEI has been the subject of several other research reports. CIBC lifted their price target on shares of Gibson Energy from C$26.00 to C$27.00 and gave the company an outperform rating in a research report on Monday, January 8th. National Bankshares lifted their price objective on shares of Gibson Energy from C$24.00 to C$25.00 and gave the stock an outperform rating in a report on Tuesday, January 30th. Scotiabank lifted their price objective on shares of Gibson Energy from C$25.00 to C$26.00 and gave the stock an outperform rating in a report on Wednesday. BMO Capital Markets lifted their price objective on shares of Gibson Energy from C$22.50 to C$25.00 and gave the stock a market perform rating in a report on Tuesday. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Gibson Energy from C$25.00 to C$26.00 in a report on Monday, April 15th. One investment analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Gibson Energy has an average rating of Moderate Buy and a consensus target price of C$25.63.

Gibson Energy Stock Performance

TSE GEI opened at C$22.11 on Wednesday. The company has a fifty day simple moving average of C$22.74 and a 200 day simple moving average of C$21.44. Gibson Energy has a 12-month low of C$18.45 and a 12-month high of C$23.40. The company has a current ratio of 1.12, a quick ratio of 0.87 and a debt-to-equity ratio of 303.96. The company has a market cap of C$3.57 billion, a P/E ratio of 15.68, a PEG ratio of 1.85 and a beta of 1.29.

Gibson Energy (TSE:GEI) last posted its quarterly earnings results 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). Gibson Energy had a net margin of 1.95% and a return on equity of 28.84%. The business had revenue of C$2.81 billion during the quarter, compared to analyst estimates of C$3.33 billion. Sell-side analysts predict that Gibson Energy will post 1.5894955 earnings per share for the current fiscal year.

Gibson Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 17th. Investors of record on Friday, June 28th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 7.42%. The ex-dividend date of this dividend is Friday, June 28th. Gibson Energy’s dividend payout ratio is currently 116.31%.

Insider Activity at Gibson Energy

In other news, Director Khalid Muslih acquired 7,000 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were acquired at an average cost of C$16.63 per share, for a total transaction of C$116,410.00. In other news, Director Khalid Muslih acquired 7,000 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were acquired at an average cost of C$16.63 per share, for a total transaction of C$116,410.00. Also, Director Steven R. Spaulding sold 55,823 shares of the business’s stock in a transaction dated 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. 0.81% of the stock is currently owned by company 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.