Other research analysts have also issued reports about the stock. CIBC lifted their price target on shares of Gibson Energy from C$19.00 to C$22.00 in a report on Tuesday, October 16th. CSFB lifted their price target on shares of Gibson Energy from C$24.00 to C$26.00 in a report on Tuesday, October 16th. Industrial Alliance Securities lifted their price target on shares of Gibson Energy from C$22.00 to C$23.50 in a report on Tuesday, October 16th. Raymond James lifted their price target on shares of Gibson Energy from C$18.50 to C$23.00 in a report on Friday, October 5th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Gibson Energy from C$20.00 to C$23.00 in a report on Thursday, September 27th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of C$23.23.
Shares of TSE GEI traded down C$0.02 during midday trading on Thursday, hitting C$19.93. The company’s stock had a trading volume of 260,184 shares, compared to its average volume of 373,376. Gibson Energy has a 1-year low of C$15.68 and a 1-year high of C$23.32. The company has a quick ratio of 0.68, a current ratio of 1.36 and a debt-to-equity ratio of 169.73.
Gibson Energy (TSE:GEI) last posted its quarterly earnings results on Tuesday, November 6th. The company reported C$0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.21 by C($0.03). The firm had revenue of C$2.13 billion for the quarter. As a group, equities analysts anticipate that Gibson Energy will post 0.820000029063292 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 17th. Shareholders of record on Monday, December 31st will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 6.62%. The ex-dividend date is Friday, December 28th. Gibson Energy’s payout ratio is 391.69%.
About Gibson Energy
Gibson Energy Inc, an integrated midstream company, engages in the movement, storage, optimization, processing, marketing, and distribution of crude oil, condensate, natural gas liquids (NGLs), water, oilfield waste, and refined products in North America. It operates through four segments: Infrastructure, Logistics, Wholesale, and Other.
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