Brokerages Set Gibson Energy Inc. (GEI) Price Target at $24.27

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Gibson Energy Inc. (TSE:GEI) has earned an average rating of “Hold” from the fourteen brokerages that are covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$24.27.

Several equities research analysts have recently commented on the stock. Scotiabank upgraded shares of Gibson Energy from an “average” rating to a “buy” rating and set a C$25.00 price objective for the company in a research note on Friday, May 10th. GMP Securities decreased their target price on shares of Gibson Energy from C$24.00 to C$22.50 in a research report on Wednesday, May 8th. Raymond James restated a “market perform” rating and set a C$25.00 target price on shares of Gibson Energy in a research report on Tuesday, May 7th. Canaccord Genuity decreased their target price on shares of Gibson Energy from C$26.00 to C$24.50 in a research report on Tuesday, May 7th. Finally, National Bank Financial boosted their target price 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 Wednesday, April 3rd.

GEI stock traded up C$0.01 during trading on Friday, hitting C$23.17. 273,083 shares of the company’s stock traded hands, compared to its average volume of 423,669. The firm has a market cap of $3.29 billion and a price-to-earnings ratio of 15.48. The company has a quick ratio of 0.80, a current ratio of 1.30 and a debt-to-equity ratio of 169.75. Gibson Energy has a 1 year low of C$16.76 and a 1 year high of C$23.75.

Gibson Energy (TSE:GEI) last issued its quarterly earnings data on Monday, March 4th. The company reported C$0.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.21 by C$0.11. The business had revenue of C$1.36 billion for the quarter. Analysts anticipate that Gibson Energy will post 0.83999999699866 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 17th. Investors of record on Friday, June 28th will be given a dividend of $0.33 per share. The ex-dividend date is Thursday, June 27th. This represents a $1.32 dividend on an annualized basis and a yield of 5.70%. Gibson Energy’s dividend payout ratio is presently 88.18%.

About Gibson Energy

Gibson Energy Inc, an integrated midstream company, engages in the movement, storage, optimization, processing, marketing, and distribution of crude oil, condensate, natural gas liquids (NGLs), water, oilfield waste, and refined products in North America. It operates through four segments: Infrastructure, Logistics, Wholesale, and Other.

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Analyst Recommendations for Gibson Energy (TSE:GEI)

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