Gibson Energy (TSE:GEI) Given New C$27.00 Price Target at JPMorgan Chase & Co.

Gibson Energy (TSE:GEI) had its price objective hoisted by JPMorgan Chase & Co. from C$26.00 to C$27.00 in a research report report published on Friday morning, BayStreet.CA reports. They currently have an overweight rating on the stock.

Several other research firms have also recently commented on GEI. Stifel Nicolaus reduced their target price on Gibson Energy from C$26.00 to C$25.00 and set a buy rating for the company in a research report on Wednesday, May 1st. Scotiabank boosted their price objective on Gibson Energy from C$25.00 to C$26.00 and gave the stock an outperform rating in a report on Wednesday, May 1st. Finally, BMO Capital Markets upped their price objective on shares of Gibson Energy from C$22.50 to C$25.00 and gave the stock a market perform rating in a research report on Tuesday, April 30th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Gibson Energy has an average rating of Moderate Buy and a consensus target price of C$25.64.

Gibson Energy Price Performance

GEI stock opened at C$23.25 on Friday. The firm has a 50 day moving average of C$22.77 and a 200-day moving average of C$22.03. The firm has a market capitalization of C$3.78 billion, a P/E ratio of 22.14, a price-to-earnings-growth ratio of 1.85 and a beta of 1.29. Gibson Energy has a 12 month low of C$18.45 and a 12 month high of C$23.64. The company has a current ratio of 1.03, a quick ratio of 0.87 and a debt-to-equity ratio of 288.27.

Gibson Energy (TSE:GEI) last announced its quarterly earnings results on Monday, April 29th. The company reported C$0.25 EPS for the quarter, missing the consensus estimate of C$0.39 by C($0.14). The firm had revenue of C$3.29 billion during the quarter, compared to the consensus estimate of C$2.87 billion. Gibson Energy had a net margin of 1.39% and a return on equity of 21.90%. As a group, sell-side analysts predict that Gibson Energy will post 1.55517 earnings per share for the current fiscal year.

Gibson Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 17th. Shareholders of record on Wednesday, July 17th will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 7.05%. The ex-dividend date is Friday, June 28th. Gibson Energy’s dividend payout ratio (DPR) is presently 156.19%.

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.