Gibson Energy (TSE:GEI) Cut to “Hold” at Jefferies Financial Group

Jefferies Financial Group cut shares of Gibson Energy (TSE:GEI) from a strong-buy rating to a hold rating in a report published on Wednesday morning,Zacks.com reports.

Other research analysts also recently issued reports about the company. TD upgraded Gibson Energy from a “hold” rating to a “buy” rating and upped their price objective for the stock from C$29.00 to C$32.00 in a research note on Tuesday, May 26th. TD Securities upgraded Gibson Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 26th. Scotiabank raised their target price on Gibson Energy from C$29.00 to C$31.00 and gave the company a “sector perform” rating in a research note on Tuesday. Finally, National Bank Financial boosted their price target on shares of Gibson Energy from C$30.00 to C$33.00 and gave the company an “outperform” rating in a report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$28.60.

Gibson Energy Stock Performance

Shares of GEI stock opened at C$31.11 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 1.17 and a debt-to-equity ratio of 281.88. The business has a 50 day moving average of C$29.58 and a two-hundred day moving average of C$28.63. Gibson Energy has a 52 week low of C$22.09 and a 52 week high of C$31.23. The company has a market cap of C$5.37 billion, a P/E ratio of 34.96, a PEG ratio of 1.85 and a beta of 0.11.

Gibson Energy (TSE:GEI) last posted its earnings results on Monday, May 4th. The company reported C($0.01) EPS for the quarter. The company had revenue of C$2.75 billion for the quarter. Gibson Energy had a net margin of 1.37% and a return on equity of 16.60%.

Gibson Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Friday, July 17th were given a dividend of $0.45 per share. The ex-dividend date was Monday, June 29th. This represents a $1.80 annualized dividend and a dividend yield of 5.8%. Gibson Energy’s payout ratio is currently 195.51%.

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.