Gibson Energy (TSE:GEI) Given New C$30.00 Price Target at Raymond James

Gibson Energy (TSE:GEI) had its price objective raised by Raymond James from C$28.50 to C$30.00 in a research report sent to investors on Thursday morning,BayStreet.CA reports.

A number of other equities analysts have also weighed in on the company. Royal Bank of Canada boosted their target price on 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. Scotiabank increased their price objective on shares of Gibson Energy from C$25.00 to C$26.00 in a research report on Thursday. BMO Capital Markets lifted their target price on shares of Gibson Energy from C$25.00 to C$25.50 in a research report on Thursday, September 5th. National Bankshares increased 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. Finally, JPMorgan Chase & Co. cut their price objective on Gibson Energy from C$27.00 to C$26.00 in a report on Wednesday, October 2nd. Nine equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$26.70.

Gibson Energy Price Performance

Shares of GEI opened at C$25.59 on Thursday. Gibson Energy has a twelve month low of C$19.42 and a twelve month high of C$26.10. The company has a market capitalization of C$4.17 billion, a P/E ratio of 24.14, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25. The firm has a 50 day moving average of C$23.21 and a 200 day moving average of C$22.71. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 292.01.

Gibson Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be given a $0.41 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.64 dividend on an annualized basis and a dividend yield of 6.41%. Gibson Energy’s dividend payout ratio is currently 154.72%.

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.