Gibson Energy Inc. (TSE:GEI) Stock Has Consensus Price Target of C$33.10

Key Points

• Analysts maintain a Moderate Buy consensus on Gibson Energy, with five buy ratings, one strong buy, and three holds. The average 12-month price target is C$33.10, though several firms recently raised their targets, including ATB Cormark to C$37.00.
• Gibson Energy shares opened at C$33.75, near their 52-week high of C$33.92, and have risen above both their 50-day and 200-day moving averages.
• The company reported quarterly earnings of C$0.48 per share on C$4.83 billion in revenue and pays a quarterly dividend of C$0.45, equivalent to an annualized C$1.80 and a 5.3% yield.

Gibson Energy Inc. (TSE:GEI - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the nine research firms that are currently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$33.10.

Several equities analysts recently issued reports on the company. ATB Cormark Capital Markets upped their price objective on Gibson Energy from C$35.00 to C$37.00 and gave the company an "outperform" rating in a research report on Friday. Raymond James Financial lifted their target price on Gibson Energy from C$35.00 to C$36.00 and gave the stock an "outperform" rating in a report on Wednesday, July 29th. JPMorgan Chase & Co. boosted their price target on Gibson Energy from C$29.00 to C$30.00 in a research note on Thursday, July 30th. Jefferies Financial Group downgraded Gibson Energy from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 22nd. Finally, TD upped their price target on Gibson Energy from C$34.00 to C$35.00 and gave the company a "buy" rating in a report on Tuesday, September 1st.

Gibson Energy Trading Up 0.4%

Shares of TSE GEI opened at C$33.75 on Tuesday. The firm's 50 day moving average price is C$31.73 and its 200-day moving average price is C$29.66. Gibson Energy has a 52-week low of C$22.09 and a 52-week high of C$33.92. The company has a debt-to-equity ratio of 294.95, a quick ratio of 0.87 and a current ratio of 1.07. The company has a market cap of C$5.83 billion, a PE ratio of 33.75, a P/E/G ratio of 1.85 and a beta of -0.03.

Gibson Energy (TSE:GEI - Get Free Report) last announced its quarterly earnings results on Monday, July 27th. The company reported C$0.48 earnings per share for the quarter. Gibson Energy had a net margin of 1.32% and a return on equity of 18.23%. The company had revenue of C$4.83 billion during the quarter.

Gibson Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 16th. Shareholders of record on Friday, October 16th were given a $0.45 dividend. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $1.80 dividend on an annualized basis and a yield of 5.3%. Gibson Energy's payout ratio is 176.00%.

Gibson Energy Company Profile

Gibson is a leading liquids Infrastructure company with its principal businesses consisting of the storage, optimization, processing, and gathering of liquids and refined products, as well as waterborne vessel loading. Headquartered in Calgary, Alberta, the Company's operations are located across North America, with core terminal assets in Hardisty and Edmonton, Alberta, Ingleside and Wink, Texas, and a facility in Moose Jaw, Saskatchewan. Gibson shares trade under the symbol GEI and are listed on the Toronto Stock Exchange.

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