Gibson Energy (TSE:GEI) Upgraded at Stifel Firstegy

Stifel Firstegy upgraded shares of Gibson Energy (TSE:GEIGet Rating) from a hold rating to a buy rating in a research report released on Tuesday, PriceTargets.com reports.

A number of other equities research analysts have also recently commented on the company. National Bankshares lifted their target price on Gibson Energy from C$24.00 to C$25.00 and gave the stock a sector perform rating in a research note on Friday, January 27th. Canaccord Genuity Group reduced their price target on Gibson Energy from C$26.00 to C$24.00 in a report on Wednesday, March 29th. ATB Capital cut their price target on Gibson Energy from C$26.00 to C$25.00 in a research note on Friday, April 21st. CSFB upgraded Gibson Energy from a neutral rating to an outperform rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. dropped their target price on Gibson Energy from C$27.00 to C$26.00 in a research report on Monday, April 17th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of C$25.08.

Gibson Energy Stock Performance

Shares of Gibson Energy stock opened at C$21.56 on Tuesday. The business has a fifty day simple moving average of C$22.09 and a 200-day simple moving average of C$23.22. Gibson Energy has a 12 month low of C$21.03 and a 12 month high of C$27.75. The stock has a market cap of C$3.07 billion, a PE ratio of 12.25, a price-to-earnings-growth ratio of 1.85 and a beta of 1.36. The company has a quick ratio of 0.87, a current ratio of 1.12 and a debt-to-equity ratio of 282.25.

Gibson Energy (TSE:GEIGet Rating) last posted its quarterly earnings results on Tuesday, February 21st. The company reported C$0.43 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.41 by C$0.02. Gibson Energy had a net margin of 2.42% and a return on equity of 42.46%. The business had revenue of C$2.50 billion during the quarter. On average, sell-side analysts anticipate that Gibson Energy will post 1.631264 EPS for the current fiscal year.

Gibson Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Friday, June 30th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 7.24%. The ex-dividend date of this dividend is Thursday, June 29th. Gibson Energy’s dividend payout ratio (DPR) is currently 88.64%.

About Gibson Energy

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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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Analyst Recommendations for Gibson Energy (TSE:GEI)

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