Gibson Energy (TSE:GEI) PT Set at C$28.50 by Raymond James

Raymond James set a C$28.50 target price on Gibson Energy (TSE:GEI - Free Report) in a report released on Friday morning, BayStreet.CA reports. The firm currently has a strong-buy rating on the stock.

Several other research firms have also commented on GEI. National Bankshares increased their price objective on shares of Gibson Energy from C$25.00 to C$26.00 and gave the company an outperform rating in a research note on Friday, August 23rd. BMO Capital Markets boosted their price objective on Gibson Energy from C$25.00 to C$25.50 in a research report on Thursday, September 5th. Royal Bank of Canada raised their price objective on shares of Gibson Energy from C$27.00 to C$28.00 and gave the stock an outperform rating in a report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. reduced their price objective on Gibson Energy from C$27.00 to C$26.00 in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Buy and an average price target of C$26.00.

Gibson Energy Stock Up 2.1 %

TSE GEI traded up C$0.49 during trading hours on Friday, hitting C$23.45. The company's stock had a trading volume of 928,591 shares, compared to its average volume of 565,367. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 292.01. The company's 50-day simple moving average is C$22.05 and its two-hundred day simple moving average is C$22.55. The company has a market capitalization of C$3.82 billion, a PE ratio of 22.21, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25. Gibson Energy has a 52 week low of C$19.33 and a 52 week high of C$23.64.

Gibson Energy (TSE:GEI - Get Free Report) last posted its quarterly earnings data on Monday, July 29th. The company reported C$0.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$0.36 by C$0.02. The firm had revenue of C$3.23 billion for the quarter. Gibson Energy had a net margin of 1.42% and a return on equity of 23.48%.

Gibson Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Monday, September 30th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 6.99%. The ex-dividend date of this dividend is Friday, September 27th. Gibson Energy's payout ratio is 154.72%.

Insiders Place Their Bets

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