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

Gibson Energy (TSE:GEI - Free Report) had its price target cut by JPMorgan Chase & Co. from C$27.00 to C$26.00 in a research note issued to investors on Wednesday morning, BayStreet.CA reports.

A number of other research firms have also recently issued reports on GEI. National Bankshares lifted their price target on Gibson Energy from C$25.00 to C$26.00 and gave the company an outperform rating in a report on Friday, August 23rd. BMO Capital Markets lifted their price objective on shares of Gibson Energy from C$25.00 to C$25.50 in a research note on Thursday, September 5th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of C$25.44.

Gibson Energy Stock Down 0.2 %

GEI traded down C$0.04 during trading on Wednesday, reaching C$22.27. 390,162 shares of the stock traded hands, compared to its average volume of 556,547. The stock has a market cap of C$3.62 billion, a price-to-earnings ratio of 21.01, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25. The stock's 50-day simple moving average is C$22.07 and its two-hundred day simple moving average is C$22.55. Gibson Energy has a fifty-two week low of C$18.45 and a fifty-two week high of C$23.64. The company has a debt-to-equity ratio of 292.01, a current ratio of 1.18 and a quick ratio of 0.87.

Gibson Energy (TSE:GEI - Get Free Report) last posted its quarterly earnings data on Monday, July 29th. The company reported C$0.38 EPS for the quarter, topping analysts' consensus estimates of C$0.36 by C$0.02. Gibson Energy had a return on equity of 23.48% and a net margin of 1.42%. The business had revenue of C$3.23 billion for the quarter. As a group, equities research analysts expect that Gibson Energy will post 1.6838951 EPS for the current year.

Gibson Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Monday, September 30th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 7.36%. The ex-dividend date is Friday, September 27th. Gibson Energy's payout ratio is presently 154.72%.

Insider Transactions at Gibson Energy

In other Gibson Energy news, Director Curtis Philippon bought 23,000 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were bought at an average price of C$22.03 per share, for a total transaction of C$506,690.00. In related news, Director Curtis Philippon bought 23,000 shares of Gibson Energy stock in a transaction dated Wednesday, September 4th. The stock was purchased at an average cost of C$22.03 per share, with a total value of C$506,690.00. Also, Director Margaret Cahill Montana acquired 3,400 shares of the company's stock in a transaction on Wednesday, August 7th. The shares were acquired at an average cost of C$21.52 per share, for a total transaction of C$73,168.00. Corporate insiders own 0.85% 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.