Gibson Energy (TSE:GEI) Price Target Cut to C$26.00 by Analysts at JPMorgan Chase & Co.

Gibson Energy (TSE:GEI) had its target price lowered by JPMorgan Chase & Co. from C$27.00 to C$26.00 in a research note issued to investors on Wednesday, BayStreet.CA reports.

Several other research firms have also recently weighed in on GEI. BMO Capital Markets raised their price target on Gibson Energy from C$25.00 to C$25.50 in a report on Thursday, September 5th. National Bankshares raised 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. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Gibson Energy presently has an average rating of Moderate Buy and a consensus target price of C$25.44.

Gibson Energy Stock Performance

TSE:GEI opened at C$22.27 on Wednesday. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 292.01. Gibson Energy has a 12-month low of C$18.45 and a 12-month high of C$23.64. The stock has a 50-day moving average price of C$22.07 and a 200 day moving average price of C$22.55. The stock has a market capitalization of C$3.62 billion, a P/E ratio of 21.01, a P/E/G ratio of 1.85 and a beta of 1.25.

Gibson Energy (TSE:GEI) last released its earnings results on Monday, July 29th. The company reported C$0.38 earnings per share (EPS) for the quarter, topping 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 firm had revenue of C$3.23 billion during the quarter. Equities research analysts forecast that Gibson Energy will post 1.6838951 EPS for the current fiscal year.

Gibson Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Monday, September 30th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 7.36%. The ex-dividend date of this dividend is Friday, September 27th. Gibson Energy’s payout ratio is 154.72%.

Insider Activity

In other Gibson Energy news, Director Curtis Philippon purchased 23,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The stock was purchased at an average cost of C$22.03 per share, with a total value of C$506,690.00. In other Gibson Energy news, Director Margaret Cahill Montana purchased 3,400 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The stock was purchased at an average cost of C$21.52 per share, with a total value of C$73,168.00. Also, Director Curtis Philippon purchased 23,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The shares were acquired at an average cost of C$22.03 per share, with a total value of C$506,690.00. Corporate insiders own 0.85% of the company’s stock.

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.