TD Securities Boosts Gibson Energy (TSE:GEI) Price Target to C$26.00

Gibson Energy (TSE:GEIGet Rating) had its target price lifted by TD Securities from C$25.00 to C$26.00 in a research report sent to investors on Wednesday morning, BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

GEI has been the subject of several other research reports. Royal Bank of Canada raised 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 note on Wednesday. Raymond James increased their price target on Gibson Energy from C$26.50 to C$27.00 and gave the company an outperform rating in a research note on Tuesday. National Bankshares lifted their price objective on Gibson Energy from C$24.00 to C$25.00 in a research note on Wednesday, January 26th. CSFB increased their target price on shares of Gibson Energy from C$25.00 to C$27.00 in a research report on Monday, April 11th. Finally, Credit Suisse Group boosted their price target on shares of Gibson Energy to C$27.00 and gave the stock an underperform rating in a research report on Monday, April 11th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to, the stock currently has an average rating of Hold and a consensus price target of C$25.27.

Shares of GEI opened at C$26.03 on Wednesday. The company has a debt-to-equity ratio of 270.50, a quick ratio of 0.93 and a current ratio of 1.26. Gibson Energy has a 52 week low of C$21.43 and a 52 week high of C$26.98. The stock has a market capitalization of C$3.82 billion and a price-to-earnings ratio of 26.84. The stock has a fifty day moving average of C$24.98 and a 200-day moving average of C$24.01.

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

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

In other Gibson Energy news, Director James Joseph Cleary sold 4,046 shares of the firm’s stock in a transaction that occurred 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 owns 14,998 shares of the company’s stock, valued at C$389,498.06.

About Gibson Energy (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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