Gibson Energy Inc. (TSE:GEI) Receives C$25.64 Consensus PT from Brokerages

Gibson Energy Inc. (TSE:GEI) has been given an average rating of “Moderate Buy” by the twelve brokerages that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$25.64.

Several brokerages recently weighed in on GEI. JPMorgan Chase & Co. lifted their price objective on Gibson Energy from C$26.00 to C$27.00 and gave the stock an “overweight” rating in a report on Friday. Stifel Nicolaus dropped their price target on shares of Gibson Energy from C$26.00 to C$25.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. BMO Capital Markets lifted their price objective 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, April 30th. Finally, Scotiabank boosted 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 report on Wednesday, May 1st.

Gibson Energy Stock Performance

The stock has a market cap of C$3.78 billion, a P/E ratio of 22.14, a P/E/G ratio of 1.85 and a beta of 1.29. The business has a fifty day moving average of C$22.78 and a 200-day moving average of C$22.09. The company has a quick ratio of 0.87, a current ratio of 1.03 and a debt-to-equity ratio of 288.27. Gibson Energy has a fifty-two week low of C$18.45 and a fifty-two week high of C$23.64.

Gibson Energy (TSE:GEI) last released its earnings results on Monday, April 29th. The company reported C$0.25 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.39 by C($0.14). Gibson Energy had a net margin of 1.39% and a return on equity of 21.90%. The company had revenue of C$3.29 billion during the quarter, compared to analysts’ expectations of C$2.87 billion. As a group, research analysts predict that Gibson Energy will post 1.55517 earnings per share for the current year.

Gibson Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 17th. Stockholders of record on Wednesday, July 17th will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of ∞. The ex-dividend date of this dividend is Friday, June 28th. Gibson Energy’s payout ratio is 156.19%.

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.