Gibson Energy (TSE:GEI) Stock Rating Upgraded by Raymond James

Raymond James upgraded shares of Gibson Energy (TSE:GEI - Free Report) to a strong-buy rating in a research note released on Thursday, Zacks.com reports.

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

Gibson Energy Trading Up 2.1 %

TSE GEI traded up C$0.49 on Thursday, hitting C$23.45. 928,591 shares of the stock were exchanged, compared to its average volume of 565,367. Gibson Energy has a 52-week low of C$19.33 and a 52-week high of C$23.64. The firm has a market capitalization of C$3.82 billion, a P/E ratio of 22.12, a P/E/G ratio of 1.85 and a beta of 1.25. The company has a debt-to-equity ratio of 292.01, a quick ratio of 0.87 and a current ratio of 1.18. The stock has a fifty day moving average price of C$22.07 and a two-hundred day moving average price of C$22.55.

Gibson Energy (TSE:GEI - Get Free Report) last announced its earnings results on Monday, July 29th. The company reported C$0.38 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter.

Gibson Energy Announces Dividend

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

Insider Activity at Gibson Energy

In related news, Director Margaret Cahill Montana purchased 3,400 shares of the company's stock in a transaction dated Wednesday, August 7th. The stock was acquired at an average cost of C$21.52 per share, for a total transaction of C$73,168.00. In other Gibson Energy news, Director Curtis Philippon bought 23,000 shares of the business's stock in a transaction on Wednesday, September 4th. The stock was 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 Gibson Energy stock in a transaction on Wednesday, August 7th. The stock was acquired at an average price of C$21.52 per share, for a total transaction of C$73,168.00. 0.85% of the stock is owned by corporate insiders.

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.