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

Gibson Energy (TSE:GEI) had its price objective raised by Jefferies Financial Group from C$25.00 to C$26.00 in a research report released on Thursday morning,BayStreet.CA reports.

GEI has been the topic of a number of other reports. National Bankshares boosted their target price on shares of Gibson Energy from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a report on Friday, August 23rd. Raymond James upped their price target on Gibson Energy from C$28.50 to C$30.00 in a report on Thursday. Royal Bank of Canada raised their price objective on Gibson Energy from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. BMO Capital Markets boosted their target price on Gibson Energy from C$25.00 to C$25.50 in a research report on Thursday, September 5th. Finally, JPMorgan Chase & Co. decreased their price target on Gibson Energy from C$27.00 to C$26.00 in a research report on Wednesday, October 2nd. Nine investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Gibson Energy currently has an average rating of “Buy” and a consensus price target of C$26.70.

Gibson Energy Price Performance

TSE:GEI opened at C$25.59 on Thursday. Gibson Energy has a 52-week low of C$19.42 and a 52-week high of C$26.10. 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 firm has a market cap of C$4.17 billion, a P/E ratio of 24.14, a PEG ratio of 1.85 and a beta of 1.25. The business’s 50-day moving average price is C$23.27 and its 200 day moving average price is C$22.73.

Gibson Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.41 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.64 dividend on an annualized basis and a yield of 6.41%. Gibson Energy’s payout ratio is presently 154.72%.

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.