Gibson Energy (TSE:GEI) PT Raised to C$29.00 at National Bank Financial

Gibson Energy (TSE:GEI) had its price target hoisted by National Bank Financial from C$28.00 to C$29.00 in a research note issued to investors on Wednesday morning, BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock.

A number of other research firms have also recently commented on GEI. CIBC upgraded shares of Gibson Energy from a neutral rating to an outperform rating and upped their price objective for the company from C$25.00 to C$26.00 in a research report on Tuesday, November 5th. TD Securities raised their price objective on Gibson Energy from C$24.00 to C$25.00 and gave the stock a hold rating in a research note on Wednesday, November 6th. CSFB reiterated a neutral rating on shares of Gibson Energy in a report on Tuesday, November 5th. Canaccord Genuity boosted their target price on Gibson Energy from C$26.00 to C$28.00 in a research note on Wednesday, November 6th. Finally, Raymond James reissued an outperform rating and issued a C$25.00 target price on shares of Gibson Energy in a research note on Tuesday, November 5th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has a consensus rating of Buy and a consensus target price of C$26.77.

GEI opened at C$26.32 on Wednesday. The firm’s fifty day moving average is C$24.32 and its two-hundred day moving average is C$23.40. The firm has a market cap of $3.73 billion and a PE ratio of 23.61. Gibson Energy has a twelve month low of C$16.90 and a twelve month high of C$26.56. The company has a debt-to-equity ratio of 209.24, a quick ratio of 0.90 and a current ratio of 1.07.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 5.02%. The ex-dividend date of this dividend is Monday, December 30th. Gibson Energy’s dividend payout ratio (DPR) is presently 118.39%.

About Gibson Energy

Gibson Energy Inc engages in the gathering, storage, optimization, processing, and marketing of crude oil and refined products in North America. It operates through Infrastructure and Wholesale segments. The Infrastructure segment operates a network of infrastructure assets that include oil terminals, rail loading and unloading facilities, injection stations, gathering pipelines, and a crude oil processing facility, as well as procession, recovery, and disposal terminals.

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