Shares of Gibson Energy Inc. (TSE:GEI – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the twelve ratings firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$25.64.
Several research analysts have recently commented on GEI shares. BMO Capital Markets lifted their price target on Gibson Energy from C$22.50 to C$25.00 and gave the stock a “market perform” rating in a report on Tuesday, April 30th. JPMorgan Chase & Co. raised their price objective on Gibson Energy from C$26.00 to C$27.00 and gave the stock an “overweight” rating in a research report on Friday. Scotiabank raised their price objective on Gibson Energy from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Finally, Stifel Nicolaus cut their price objective 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.
Check Out Our Latest Research Report on GEI
Gibson Energy Trading Up 0.1 %
Gibson Energy (TSE:GEI – Get Free Report) last posted 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). Gibson Energy had a return on equity of 21.90% and a net margin of 1.39%. The company had revenue of C$3.29 billion for the quarter, compared to analysts’ expectations of C$2.87 billion. Research analysts expect that Gibson Energy will post 1.55517 earnings per share for the current fiscal year.
Gibson Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 17th. Stockholders of record on Wednesday, July 17th will be paid a $0.41 dividend. 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 payout ratio 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.
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