Gibson Energy Inc. (TSE:GEI) Receives Consensus Recommendation of “Buy” from Analysts

Gibson Energy Inc. (TSE:GEI) has been given an average recommendation of “Buy” by the ten ratings firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$26.00.

Several brokerages have issued reports on GEI. Raymond James set a C$28.50 target price on shares of Gibson Energy and gave the company a “strong-buy” rating in a research report on Friday, October 11th. BMO Capital Markets lifted their price objective on shares of Gibson Energy from C$25.00 to C$25.50 in a report on Thursday, September 5th. Royal Bank of Canada increased their target price on Gibson Energy from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. National Bankshares lifted their price target on Gibson Energy from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Friday, August 23rd. Finally, JPMorgan Chase & Co. reduced their price objective on Gibson Energy from C$27.00 to C$26.00 in a research report on Wednesday, October 2nd.

Insider Activity

In other news, Director Curtis Philippon acquired 23,000 shares of the stock in a transaction dated 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. Insiders own 0.85% of the company’s stock.

Gibson Energy Stock Performance

TSE:GEI opened at C$23.61 on Tuesday. Gibson Energy has a twelve month low of C$19.42 and a twelve month high of C$24.33. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 292.01. The stock has a market cap of C$3.84 billion, a P/E ratio of 22.27, a PEG ratio of 1.85 and a beta of 1.25. The business’s 50-day moving average price is C$23.08 and its two-hundred day moving average price is C$22.67.

Gibson Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders 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 annualized dividend and a yield of 6.95%. Gibson Energy’s payout ratio is currently 154.72%.

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.