Gibson Energy (TSE:GEI) PT Raised to C$26.00 at JPMorgan Chase & Co.

Gibson Energy (TSE:GEI) had its target price upped by JPMorgan Chase & Co. from C$25.00 to C$26.00 in a report published on Monday morning, BayStreet.CA reports.

Other analysts also recently issued reports about the company. Jefferies Financial Group set a C$25.00 target price on Gibson Energy and gave the stock a buy rating in a research report on Tuesday, February 27th. National Bankshares boosted their target price on Gibson Energy from C$24.00 to C$25.00 and gave the stock an outperform rating in a research report on Tuesday, January 30th. Finally, CIBC boosted their target price on Gibson Energy from C$26.00 to C$27.00 and gave the stock an outperform rating in a research report on Monday, January 8th. One equities research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of C$25.35.

Gibson Energy Stock Down 0.4 %

GEI opened at C$22.83 on Monday. The business’s fifty day moving average is C$22.30 and its two-hundred day moving average is C$21.19. The company has a debt-to-equity ratio of 303.96, a quick ratio of 0.87 and a current ratio of 1.12. The company has a market cap of C$3.69 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 1.85 and a beta of 1.29. Gibson Energy has a one year low of C$18.45 and a one year high of C$23.40.

Gibson Energy (TSE:GEI) last posted its earnings results on Tuesday, February 20th. The company reported C$0.32 EPS for the quarter, missing analysts’ consensus estimates of C$0.40 by C($0.08). The firm had revenue of C$2.81 billion for the quarter, compared to analysts’ expectations of C$3.33 billion. Gibson Energy had a return on equity of 28.84% and a net margin of 1.95%. Analysts anticipate that Gibson Energy will post 1.5894955 EPS for the current fiscal year.

Gibson Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 17th. Investors of record on Thursday, March 28th will be paid a $0.41 dividend. This is a positive change from Gibson Energy’s previous quarterly dividend of $0.39. This represents a $1.64 annualized dividend and a yield of 7.18%. The ex-dividend date of this dividend is Wednesday, March 27th. Gibson Energy’s dividend payout ratio is presently 116.31%.

Insider Activity at Gibson Energy

In related news, Director Steven R. Spaulding sold 55,823 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of C$22.72, for a total value of C$1,268,298.56. In other news, Director Khalid Muslih purchased 7,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was bought at an average cost of C$16.63 per share, for a total transaction of C$116,410.00. Also, Director Steven R. Spaulding sold 55,823 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of C$22.72, for a total value of C$1,268,298.56. Insiders own 0.81% of the company’s stock.

Gibson Energy Company Profile

Gibson Energy Inc, together with its subsidiaries, engages in the gathering, storage, optimization, processing, and marketing of liquids and refined products in Canada and the United States. It operates through Infrastructure and Marketing segments. The Infrastructure segment operates a network of liquid infrastructure assets that include oil terminals, rail loading and unloading facilities, gathering pipelines, a crude oil processing facility, and other terminals.