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

Gibson Energy Inc. (TSE:GEI) has received a consensus recommendation of “Buy” from the ten research firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$26.00.

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

Insiders Place Their Bets

In related news, 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 price of C$22.03 per share, for a total transaction of C$506,690.00. Company insiders own 0.85% of the company’s stock.

Gibson Energy Stock Performance

Shares of GEI opened at C$23.57 on Tuesday. The firm has a fifty day moving average of C$22.96 and a 200-day moving average of C$22.64. The company has a market cap of C$3.84 billion, a price-to-earnings ratio of 22.24, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25. The company has a debt-to-equity ratio of 292.01, a quick ratio of 0.87 and a current ratio of 1.18. Gibson Energy has a 1 year low of C$19.42 and a 1 year high of C$24.33.

Gibson Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be issued a $0.41 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.64 dividend on an annualized basis and a dividend yield of 6.96%. Gibson Energy’s payout ratio is 154.72%.

About Gibson Energy

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.