Gibson Energy (GEI) Price Target Raised to C$21.00 at TD Securities

Gibson Energy (TSE:GEI) had its price target increased by TD Securities from C$19.50 to C$21.00 in a research report report published on Thursday morning. TD Securities currently has a hold rating on the stock.

GEI has been the topic of a number of other reports. National Bank Financial increased their price target on shares of Gibson Energy from C$19.00 to C$21.00 and gave the company a sector perform rating in a research report on Thursday, August 9th. Desjardins increased their price target on shares of Gibson Energy from C$21.00 to C$22.00 in a research report on Friday, August 10th. Royal Bank of Canada increased their price target on shares of Gibson Energy from C$20.00 to C$22.00 and gave the company a sector perform rating in a research report on Friday, August 10th. Industrial Alliance Securities increased their price target on shares of Gibson Energy from C$19.50 to C$22.00 in a research report on Thursday, August 9th. Finally, BMO Capital Markets increased their price target on shares of Gibson Energy from C$20.00 to C$21.00 in a research report on Tuesday, September 11th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of C$22.98.

Shares of TSE GEI traded up C$0.44 during mid-day trading on Thursday, hitting C$22.54. The company’s stock had a trading volume of 523,942 shares, compared to its average volume of 343,270. The company has a quick ratio of 0.67, a current ratio of 1.40 and a debt-to-equity ratio of 154.41. Gibson Energy has a one year low of C$15.68 and a one year high of C$23.32.

Gibson Energy (TSE:GEI) last issued its earnings results on Wednesday, August 8th. The company reported C$0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.10. The business had revenue of C$1.76 billion during the quarter, compared to the consensus estimate of C$1.64 billion. As a group, analysts predict that Gibson Energy will post 0.869999960633486 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 17th. Shareholders of record on Monday, December 31st will be issued a dividend of $0.33 per share. The ex-dividend date is Friday, December 28th. This represents a $1.32 annualized dividend and a yield of 5.86%. Gibson Energy’s dividend payout ratio (DPR) is currently 550.00%.

In other Gibson Energy news, Director John Larry Festival acquired 9,000 shares of the stock in a transaction dated Tuesday, August 14th. The shares were bought at an average cost of C$19.90 per share, for a total transaction of C$179,100.00. Also, insider Sean Brown acquired 10,527 shares of the stock in a transaction dated Tuesday, August 21st. The stock was acquired at an average price of C$19.78 per share, for a total transaction of C$208,224.06.

About Gibson Energy

Gibson Energy Inc, an integrated midstream company, engages in the movement, storage, optimization, processing, marketing, and distribution of crude oil, condensate, natural gas liquids (NGLs), water, oilfield waste, and refined products in North America. It operates through four segments: Infrastructure, Logistics, Wholesale, and Other.

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Analyst Recommendations for Gibson Energy (TSE:GEI)

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