Gibson Energy Inc. (TSE:GEI – Get Free Report) crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of C$30.06 and traded as high as C$32.32. Gibson Energy shares last traded at C$32.20, with a volume of 454,801 shares.
Analysts Set New Price Targets
A number of analysts recently issued reports on GEI shares. Scotiabank raised their price objective on Gibson Energy from C$29.00 to C$31.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 21st. TD upped their target price on shares of Gibson Energy from C$34.00 to C$35.00 and gave the company a “buy” rating in a research report on Tuesday, September 1st. ATB Cormark Capital Markets increased their target price on shares of Gibson Energy from C$34.00 to C$35.00 in a research note on Wednesday, September 30th. JPMorgan Chase & Co. lifted their price target on shares of Gibson Energy from C$29.00 to C$30.00 in a research report on Thursday, July 30th. Finally, Canadian Imperial Bank of Commerce lifted their price target on shares of Gibson Energy from C$33.00 to C$34.00 in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$32.90.
Get Our Latest Analysis on Gibson Energy
Gibson Energy Stock Up 0.1%
The business has a 50 day simple moving average of C$31.36 and a 200 day simple moving average of C$30.06. The company has a market capitalization of C$5.56 billion, a price-to-earnings ratio of 32.20, a PEG ratio of 1.85 and a beta of -0.03. The company has a debt-to-equity ratio of 294.95, a current ratio of 1.07 and a quick ratio of 0.87.
Gibson Energy (TSE:GEI – Get Free Report) last issued its quarterly earnings data on Monday, July 27th. The company reported C$0.48 earnings per share for the quarter. The business had revenue of C$4.83 billion during the quarter. Gibson Energy had a return on equity of 18.23% and a net margin of 1.32%.
Gibson Energy Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Friday, October 16th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date is Tuesday, September 29th. Gibson Energy’s dividend payout ratio (DPR) is 176.00%.
About Gibson Energy
Gibson is a leading liquids Infrastructure company with its principal businesses consisting of the storage, optimization, processing, and gathering of liquids and refined products, as well as waterborne vessel loading. Headquartered in Calgary, Alberta, the Company’s operations are located across North America, with core terminal assets in Hardisty and Edmonton, Alberta, Ingleside and Wink, Texas, and a facility in Moose Jaw, Saskatchewan. Gibson shares trade under the symbol GEI and are listed on the Toronto Stock Exchange.
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