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

Shares of Gibson Energy Inc. (TSE:GEI) have earned an average rating of “Buy” from the ten research firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is C$26.00.

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

Gibson Energy Price Performance

TSE GEI opened at C$23.10 on Friday. The business’s fifty day moving average price is C$22.58 and its 200-day moving average price is C$22.60. The stock has a market capitalization of C$3.76 billion, a price-to-earnings ratio of 21.79, a PEG ratio of 1.85 and a beta of 1.25. The company has a debt-to-equity ratio of 292.01, a current ratio of 1.18 and a quick ratio of 0.87. Gibson Energy has a 1-year low of C$19.33 and a 1-year high of C$24.33.

Gibson Energy (TSE:GEI) last issued its quarterly earnings results on Monday, July 29th. The company reported C$0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.36 by C$0.02. The business had revenue of C$3.23 billion during the quarter. Gibson Energy had a return on equity of 23.48% and a net margin of 1.42%.

Gibson Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 7.10%. The ex-dividend date is Tuesday, December 31st. Gibson Energy’s payout ratio is currently 154.72%.

Insiders Place Their Bets

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