Gibson Energy (TSE:GEI – Free Report) had its price target increased by National Bankshares from C$25.00 to C$26.00 in a research report released on Friday, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.
Other equities analysts have also issued research reports about the company. JPMorgan Chase & Co. upped their price target on Gibson Energy from C$26.00 to C$27.00 and gave the company an overweight rating in a research note on Friday, June 28th. Stifel Nicolaus cut their price objective on Gibson Energy from C$26.00 to C$25.00 and set a buy rating on the stock in a report on Wednesday, May 1st. Scotiabank lifted their price objective 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. Finally, BMO Capital Markets raised their price target on shares of Gibson Energy from C$22.50 to C$25.00 and gave the company a market perform rating in a research report on Tuesday, April 30th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Gibson Energy currently has a consensus rating of Moderate Buy and an average price target of C$25.50.
Check Out Our Latest Stock Analysis on GEI
Gibson Energy Price Performance
Gibson Energy (TSE:GEI – Get Free Report) last issued its earnings results on Monday, July 29th. The company reported C$0.38 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of C$3.23 billion for the quarter. Equities research analysts anticipate that Gibson Energy will post 1.4421679 earnings per share for the current fiscal year.
Gibson Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Monday, September 30th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 7.47%. The ex-dividend date of this dividend is Friday, September 27th. Gibson Energy’s dividend payout ratio is currently 154.72%.
Insiders Place Their Bets
In related news, Director Margaret Cahill Montana acquired 3,400 shares of Gibson Energy stock in a transaction on Wednesday, August 7th. The shares were bought at an average price of C$21.52 per share, for a total transaction of C$73,168.00. 0.80% of the stock is owned by 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.
See Also
- Five stocks we like better than Gibson Energy
- Why Invest in 5G? How to Invest in 5G Stocks
- CAVA Stock Rallies as Earnings Confirm It’s a Top Growth Play
- What is Forex and How Does it Work?
- 3 High Short-Interest Stocks Poised for a Rate Cut Squeeze
- Stock Dividend Cuts Happen Are You Ready?
- MarketBeat Week in Review – 8/19 – 8/23
Receive News & Ratings for Gibson Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gibson Energy and related companies with MarketBeat.com's FREE daily email newsletter.