Gibson Energy (TSE:GEI) Upgraded at Raymond James

Raymond James upgraded shares of Gibson Energy (TSE:GEI) to a strong-buy rating in a research report report published on Thursday, Zacks.com reports.

A number of other research firms also recently weighed in on GEI. Royal Bank of Canada raised their price target on shares of Gibson Energy from C$27.00 to C$28.00 and gave the company an outperform rating in a research note on Thursday, October 3rd. BMO Capital Markets raised their price target on shares of Gibson Energy from C$25.00 to C$25.50 in a research note on Thursday, September 5th. National Bankshares raised their price target on shares of Gibson Energy from C$25.00 to C$26.00 and gave the company an outperform rating in a research note on Friday, August 23rd. Finally, JPMorgan Chase & Co. reduced their price target on shares of Gibson Energy from C$27.00 to C$26.00 in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Buy and a consensus price target of C$26.00.

Gibson Energy Stock Up 2.1 %

GEI stock opened at C$23.45 on Thursday. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 292.01. The business’s 50 day simple moving average is C$22.07 and its 200 day simple moving average is C$22.54. Gibson Energy has a 1-year low of C$19.33 and a 1-year high of C$23.64. The firm has a market capitalization of C$3.82 billion, a PE ratio of 22.12, a PEG ratio of 1.85 and a beta of 1.25.

Gibson Energy (TSE:GEI) last released its earnings results on Monday, July 29th. The company reported C$0.38 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.36 by C$0.02. The firm had revenue of C$3.23 billion during the quarter. Gibson Energy had a return on equity of 23.48% and a net margin of 1.42%.

Gibson Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Monday, September 30th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 6.99%. The ex-dividend date of this dividend is Friday, September 27th. Gibson Energy’s dividend payout ratio is presently 154.72%.

Insider Buying and Selling

In other news, Director Curtis Philippon bought 23,000 shares of the business’s stock in a transaction on Wednesday, September 4th. The stock was acquired at an average price of C$22.03 per share, with a total value of C$506,690.00. In related news, Director Curtis Philippon acquired 23,000 shares of the company’s stock in a transaction dated Wednesday, September 4th. The stock was purchased at an average price of C$22.03 per share, with a total value of C$506,690.00. Also, Director Margaret Cahill Montana bought 3,400 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were acquired 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.

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.