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

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

A number of other research firms also recently commented on GEI. CIBC increased their target price on Gibson Energy from C$26.00 to C$27.00 and gave the company an outperform rating in a research report on Monday, January 8th. Jefferies Financial Group set a C$25.00 target price on Gibson Energy and gave the company a buy rating in a research report on Tuesday, February 27th. Finally, National Bankshares increased their target price on Gibson Energy from C$24.00 to C$25.00 and gave the company an outperform rating in a research report on Tuesday, January 30th. One investment analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of C$25.35.

Gibson Energy Trading Down 0.4 %

Gibson Energy stock opened at C$22.83 on Monday. The company has a current ratio of 1.12, a quick ratio of 0.87 and a debt-to-equity ratio of 303.96. Gibson Energy has a 12-month low of C$18.45 and a 12-month high of C$23.40. The firm has a 50 day moving average of C$22.30 and a 200 day moving average of C$21.19. The firm has a market capitalization of C$3.69 billion, a price-to-earnings ratio of 16.19, a P/E/G ratio of 1.85 and a beta of 1.29.

Gibson Energy (TSE:GEI) last announced its quarterly earnings data on Tuesday, February 20th. The company reported C$0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.40 by C($0.08). Gibson Energy had a net margin of 1.95% and a return on equity of 28.84%. The company had revenue of C$2.81 billion for the quarter, compared to analysts’ expectations of C$3.33 billion. As a group, research analysts predict that Gibson Energy will post 1.5894955 earnings per share for the current year.

Gibson Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 17th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 7.18%. This is an increase from Gibson Energy’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Wednesday, March 27th. Gibson Energy’s dividend payout ratio (DPR) is 116.31%.

Insider Transactions at Gibson Energy

In other news, Director Steven R. Spaulding sold 55,823 shares of Gibson Energy stock in a transaction on Friday, March 15th. The stock was sold at an average price of C$22.72, for a total transaction of C$1,268,298.56. In other news, Director Steven R. Spaulding sold 55,823 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of C$22.72, for a total transaction of C$1,268,298.56. Also, Director Khalid Muslih bought 7,000 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was bought at an average price of C$16.63 per share, for a total transaction of C$116,410.00. Corporate 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.