Gibson Energy (TSE:GEI) Given New C$28.00 Price Target at Royal Bank of Canada

Gibson Energy (TSE:GEIGet Rating) had its price objective increased by Royal Bank of Canada from C$27.00 to C$28.00 in a research note published on Wednesday, BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the stock.

GEI has been the topic of several other research reports. Raymond James lifted their price objective on Gibson Energy from C$26.50 to C$27.00 and gave the stock an outperform rating in a report on Tuesday. National Bankshares lifted their price target on shares of Gibson Energy from C$24.00 to C$25.00 in a research note on Wednesday, January 26th. Credit Suisse Group increased their price objective on shares of Gibson Energy to C$27.00 and gave the company an underperform rating in a research note on Monday, April 11th. CIBC lifted their target price on shares of Gibson Energy from C$25.00 to C$26.00 in a research report on Thursday, April 21st. Finally, CSFB increased their price target on shares of Gibson Energy from C$25.00 to C$27.00 in a research report on Monday, April 11th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Gibson Energy currently has a consensus rating of Hold and a consensus price target of C$25.27.

TSE:GEI opened at C$26.03 on Wednesday. The company has a debt-to-equity ratio of 270.50, a current ratio of 1.26 and a quick ratio of 0.93. Gibson Energy has a one year low of C$21.43 and a one year high of C$26.98. The company has a fifty day moving average price of C$24.98 and a 200 day moving average price of C$24.01. The stock has a market cap of C$3.82 billion and a P/E ratio of 26.84.

Gibson Energy (TSE:GEIGet Rating) last announced its quarterly earnings data on Tuesday, February 22nd. The company reported C$0.29 EPS for the quarter, beating the Zacks’ consensus estimate of C$0.23 by C$0.06. The company had revenue of C$2.12 billion for the quarter. As a group, equities research analysts anticipate that Gibson Energy will post 1.18048 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Thursday, June 30th will be given a $0.37 dividend. The ex-dividend date is Wednesday, June 29th. This represents a $1.48 annualized dividend and a yield of 5.69%. Gibson Energy’s payout ratio is 144.33%.

In other news, Director James Joseph Cleary sold 4,046 shares of the firm’s stock in a transaction on Friday, March 25th. The stock was sold at an average price of C$25.97, for a total value of C$105,074.62. Following the completion of the sale, the director now directly owns 14,998 shares in the company, valued at C$389,498.06.

Gibson Energy Company Profile (Get Rating)

Gibson Energy Inc, a liquids infrastructure company, engages in the gathering, storage, optimization, processing, and marketing of liquids and refined products in North America. It operates through two segments, Infrastructure and Marketing. The Infrastructure segment operates a network of infrastructure assets that include oil terminals, rail loading and unloading facilities, gathering pipelines, and a crude oil processing facility.

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