Royal Bank of Canada Raises Gibson Energy (TSE:GEI) Price Target to C$28.00

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

A number of other equities research analysts have also recently commented on GEI. National Bankshares increased their target price on shares of Gibson Energy from C$25.00 to C$26.00 and gave the company an outperform rating in a research report on Friday, August 23rd. JPMorgan Chase & Co. dropped their price target on shares of Gibson Energy from C$27.00 to C$26.00 in a research report on Wednesday, October 2nd. Finally, BMO Capital Markets raised their price objective on shares of Gibson Energy from C$25.00 to C$25.50 in a research note on Thursday, September 5th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Gibson Energy presently has an average rating of Moderate Buy and an average target price of C$25.72.

Gibson Energy Stock Performance

Gibson Energy stock opened at C$22.82 on Thursday. The company’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 twelve month low of C$18.74 and a twelve month high of C$23.64. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 292.01. The company has a market cap of C$3.71 billion, a PE ratio of 21.22, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25.

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

Gibson Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders 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 7.19%. The ex-dividend date is Friday, September 27th. Gibson Energy’s payout ratio is presently 154.72%.

Insider Activity at Gibson Energy

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

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.