Raymond James Analysts Give Gibson Energy (TSE:GEI) a C$28.50 Price Target

Raymond James set a C$28.50 price objective on Gibson Energy (TSE:GEI) in a research report released on Friday morning, BayStreet.CA reports. The firm currently has a strong-buy rating on the stock. Raymond James also issued estimates for Gibson Energy’s FY2025 earnings at $1.57 EPS, FY2026 earnings at $1.71 EPS, FY2027 earnings at $1.87 EPS and FY2028 earnings at $1.94 EPS.

Several other research analysts also recently weighed in on the stock. BMO Capital Markets upped their price target on shares of Gibson Energy from C$25.00 to C$25.50 in a research report on Thursday, September 5th. Royal Bank of Canada boosted 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 report on Thursday, October 3rd. JPMorgan Chase & Co. cut their price objective on shares of Gibson Energy from C$27.00 to C$26.00 in a research report on Wednesday, October 2nd. Finally, National Bankshares 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 Friday, August 23rd. One 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’s stock. According to MarketBeat, the company currently has an average rating of Buy and an average target price of C$26.00.

Gibson Energy Stock Up 2.1 %

GEI opened at C$23.45 on Friday. The company has a debt-to-equity ratio of 292.01, a quick ratio of 0.87 and a current ratio of 1.18. Gibson Energy has a fifty-two week low of C$19.33 and a fifty-two week high of C$23.64. The company has a fifty day moving average of C$22.07 and a two-hundred day moving average of C$22.54. The stock has a market capitalization of C$3.82 billion, a price-to-earnings ratio of 22.12, a PEG ratio of 1.85 and a beta of 1.25.

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

Gibson Energy Dividend Announcement

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

Insider Buying and Selling at Gibson Energy

In related news, Director Margaret Cahill Montana acquired 3,400 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The stock was acquired at an average price of C$21.52 per share, for a total transaction of C$73,168.00. In other Gibson Energy news, Director Margaret Cahill Montana bought 3,400 shares of the business’s stock in a transaction dated 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. Also, Director Curtis Philippon purchased 23,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The shares were bought at an average price of C$22.03 per share, for a total transaction of C$506,690.00. 0.85% of the stock is currently owned by corporate 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.