Gibson Energy Inc. (TSE:GEI) Receives Average Rating of “Moderate Buy” from Analysts

Gibson Energy Inc. (TSE:GEI) has earned a consensus recommendation of “Moderate Buy” from the twelve research firms that are covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is C$25.85.

Several brokerages have commented on GEI. National Bankshares downgraded Gibson Energy from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from C$29.00 to C$24.00 in a report on Wednesday, February 19th. Raymond James lowered their price objective on shares of Gibson Energy from C$30.50 to C$29.50 and set a “strong-buy” rating on the stock in a research note on Thursday, February 20th. Scotiabank lowered their price objective on shares of Gibson Energy from C$27.00 to C$26.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. ATB Capital lowered their price objective on shares of Gibson Energy from C$28.00 to C$26.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Finally, National Bank Financial downgraded shares of Gibson Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 19th.

Gibson Energy Trading Up 0.8%

Shares of GEI stock opened at C$22.70 on Tuesday. Gibson Energy has a 12 month low of C$19.63 and a 12 month high of C$26.10. The company has a quick ratio of 0.87, a current ratio of 0.70 and a debt-to-equity ratio of 278.33. The business’s 50 day moving average is C$21.91 and its two-hundred day moving average is C$23.10. The company has a market cap of C$3.70 billion, a PE ratio of 17.50, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25.

Gibson Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Monday, June 30th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 7.58%. Gibson Energy’s dividend payout ratio (DPR) is currently 126.47%.

Insider Buying and Selling

In related news, Director Curtis Philippon acquired 15,000 shares of the business’s stock in a transaction on Tuesday, May 13th. The stock was bought at an average cost of C$22.26 per share, with a total value of C$333,900.00. 0.85% of the stock is owned by company insiders.

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.