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

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

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

Gibson Energy Trading Down 0.0 %

Gibson Energy stock opened at C$22.15 on Wednesday. Gibson Energy has a 12-month low of C$18.45 and a 12-month high of C$23.40. The firm has a market capitalization of C$3.58 billion, a price-to-earnings ratio of 15.86, a P/E/G ratio of 1.85 and a beta of 1.29. The firm has a 50 day moving average of C$22.75 and a 200 day moving average of C$21.45. The company has a current ratio of 1.12, a quick ratio of 0.87 and a debt-to-equity ratio of 303.96.

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

Gibson Energy Announces Dividend

The company 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. This represents a $1.64 annualized dividend and a yield of 7.40%. The ex-dividend date of this dividend is Thursday, June 27th. Gibson Energy’s payout ratio is currently 116.31%.

Insider Activity

In related news, Director Steven R. Spaulding sold 55,823 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of C$22.72, for a total transaction of C$1,268,298.56. In related news, Director Khalid Muslih bought 7,000 shares of the stock in a transaction dated Tuesday, March 5th. The stock was purchased at an average cost of C$16.63 per share, with a total value of C$116,410.00. Also, Director Steven R. Spaulding sold 55,823 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of C$22.72, for a total transaction of C$1,268,298.56. Insiders own 0.81% 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.