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

Gibson Energy Inc. (TSE:GEI) has earned a consensus recommendation of “Buy” from the ten ratings firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$27.11.

Several brokerages have recently commented on GEI. CIBC boosted their price objective on Gibson Energy from C$27.00 to C$29.00 in a report on Thursday, December 5th. Scotiabank boosted their price target on shares of Gibson Energy from C$25.00 to C$26.00 in a research note on Thursday, December 5th. Jefferies Financial Group raised their price objective on shares of Gibson Energy from C$25.00 to C$26.00 in a research report on Thursday, December 5th. Wells Fargo & Company lowered shares of Gibson Energy from an “overweight” rating to an “equal weight” rating in a research report on Wednesday. Finally, Royal Bank of Canada raised their price target 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.

Insider Activity

In other news, Director Curtis Philippon purchased 40,000 shares of the company’s stock in a transaction on Monday, December 9th. The stock was acquired at an average price of C$25.46 per share, with a total value of C$1,018,400.00. 0.85% of the stock is currently owned by corporate insiders.

Gibson Energy Price Performance

Gibson Energy stock opened at C$24.34 on Friday. The stock has a market cap of C$3.96 billion, a price-to-earnings ratio of 22.96, a PEG ratio of 1.85 and a beta of 1.25. 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 business has a 50-day simple moving average of C$23.61 and a 200 day simple moving average of C$22.84. Gibson Energy has a 52 week low of C$20.03 and a 52 week high of C$26.10.

Gibson Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.64 dividend on an annualized basis and a dividend yield of 6.74%. Gibson Energy’s dividend payout ratio (DPR) is currently 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.