JPMorgan Chase & Co. Increases Gibson Energy (TSE:GEI) Price Target to C$27.00

Gibson Energy (TSE:GEI) had its price target upped by JPMorgan Chase & Co. from C$26.00 to C$27.00 in a research note released on Friday, BayStreet.CA reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other analysts have also issued reports on the stock. BMO Capital Markets increased their price target on shares of Gibson Energy from C$22.50 to C$25.00 and gave the stock a market perform rating in a research report on Tuesday, April 30th. Scotiabank raised their target price on Gibson Energy from C$25.00 to C$26.00 and gave the company an outperform rating in a research note on Wednesday, May 1st. Finally, Stifel Nicolaus reduced their target price on shares of Gibson Energy from C$26.00 to C$25.00 and set a buy rating on the stock in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Gibson Energy presently has an average rating of Moderate Buy and an average target price of C$25.64.

Gibson Energy Stock Down 1.6 %

GEI stock opened at C$23.25 on Friday. 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 quick ratio of 0.87, a current ratio of 1.03 and a debt-to-equity ratio of 288.27. The stock has a market cap of C$3.78 billion, a PE ratio of 22.14, a price-to-earnings-growth ratio of 1.85 and a beta of 1.29. The firm’s 50-day simple moving average is C$22.77 and its 200 day simple moving average is C$22.07.

Gibson Energy (TSE:GEI) last released its quarterly earnings results on Monday, April 29th. The company reported C$0.25 EPS for the quarter, missing analysts’ consensus estimates of C$0.39 by C($0.14). The company had revenue of C$3.29 billion for the quarter, compared to the consensus estimate of C$2.87 billion. Gibson Energy had a return on equity of 21.90% and a net margin of 1.39%. As a group, sell-side analysts predict that Gibson Energy will post 1.55517 EPS for the current year.

Gibson Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 17th. Investors of record on Wednesday, July 17th will be given a $0.41 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.64 annualized dividend and a yield of 7.05%. Gibson Energy’s dividend payout ratio (DPR) is 156.19%.

About Gibson Energy

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.