Gibson Energy Inc. (TSE:GEI) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Gibson Energy Inc. (TSE:GEI) have been given a consensus recommendation of “Moderate Buy” by the twelve ratings firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$25.64.

Several research analysts have recently commented on GEI shares. BMO Capital Markets lifted their price target on Gibson Energy from C$22.50 to C$25.00 and gave the stock a “market perform” rating in a report on Tuesday, April 30th. JPMorgan Chase & Co. raised their price objective on Gibson Energy from C$26.00 to C$27.00 and gave the stock an “overweight” rating in a research report on Friday. Scotiabank raised their price objective on Gibson Energy from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Finally, Stifel Nicolaus cut their price objective on Gibson Energy from C$26.00 to C$25.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st.

Gibson Energy Trading Up 0.1 %

Shares of GEI stock opened at C$23.25 on Friday. The stock’s fifty day moving average is C$22.77 and its two-hundred day moving average is C$22.03. The company has a debt-to-equity ratio of 288.27, a quick ratio of 0.87 and a current ratio of 1.03. The firm has a market capitalization of C$3.78 billion, a P/E ratio of 22.14, a PEG ratio of 1.85 and a beta of 1.29. Gibson Energy has a fifty-two week low of C$18.45 and a fifty-two week high of C$23.64.

Gibson Energy (TSE:GEI) last posted its quarterly earnings results on Monday, April 29th. The company reported C$0.25 EPS for the quarter, missing the consensus estimate of C$0.39 by C($0.14). Gibson Energy had a return on equity of 21.90% and a net margin of 1.39%. The company had revenue of C$3.29 billion for the quarter, compared to analysts’ expectations of C$2.87 billion. Research analysts expect that Gibson Energy will post 1.55517 earnings per share for the current fiscal year.

Gibson Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 17th. Stockholders of record on Wednesday, July 17th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 7.05%. The ex-dividend date is Friday, June 28th. Gibson Energy’s payout ratio is presently 156.19%.

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.