Gibson Energy (TSE:GEI) had its target price boosted by CSFB from C$18.00 to C$22.00 in a research note issued to investors on Wednesday, BayStreet.CA reports.
A number of other equities analysts have also commented on GEI. Raymond James increased their price target on Gibson Energy from C$24.00 to C$25.00 and gave the company an outperform rating in a research note on Wednesday, July 15th. BMO Capital Markets dropped their price target on Gibson Energy from C$24.00 to C$23.00 in a research note on Tuesday, May 5th. Royal Bank of Canada increased their price target on Gibson Energy from C$21.00 to C$25.00 and gave the company an outperform rating in a research note on Wednesday, May 6th. CIBC increased their price target on Gibson Energy from C$22.00 to C$24.00 in a research note on Thursday, June 18th. Finally, Canaccord Genuity increased their price target on Gibson Energy from C$26.00 to C$27.00 in a research note on Monday, July 27th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Gibson Energy presently has an average rating of Hold and a consensus target price of C$24.31.
TSE:GEI opened at C$22.06 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 0.86 and a debt-to-equity ratio of 175.69. Gibson Energy has a 12-month low of C$10.96 and a 12-month high of C$28.34. The stock has a 50-day moving average price of C$21.46 and a 200 day moving average price of C$21.86. The stock has a market capitalization of $3.23 billion and a P/E ratio of 19.17.
Gibson Energy (TSE:GEI) last released its earnings results on Monday, May 4th. The company reported C$0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.31 by C$0.03. The business had revenue of C$1.46 billion for the quarter. On average, research analysts predict that Gibson Energy will post 1.0790159 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Tuesday, June 30th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 6.17%. The ex-dividend date of this dividend was Monday, June 29th. Gibson Energy’s payout ratio is 115.55%.
About Gibson Energy
Gibson Energy Inc engages in the gathering, storage, optimization, processing, and marketing of crude oil and refined products in North America. It operates through Infrastructure and Wholesale segments. The Infrastructure segment operates a network of infrastructure assets that include oil terminals, rail loading and unloading facilities, injection stations, gathering pipelines, and a crude oil processing facility, as well as procession, recovery, and disposal terminals.
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