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

Gibson Energy Inc. (TSE:GEI) has earned an average recommendation of “Moderate Buy” from the thirteen analysts that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is C$25.86.

Several research firms have recently commented on GEI. Wells Fargo & Company lowered shares of Gibson Energy from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, December 18th. BMO Capital Markets upgraded Gibson Energy from a “market perform” rating to an “outperform” rating and increased their target price for the company from C$25.50 to C$28.00 in a report on Thursday, December 5th. Royal Bank of Canada cut their price target on Gibson Energy from C$28.00 to C$26.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Jefferies Financial Group decreased their price objective on Gibson Energy from C$26.00 to C$23.00 and set a “hold” rating on the stock in a research note on Thursday, February 20th. Finally, National Bank Financial downgraded shares of Gibson Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 19th.

Gibson Energy Stock Performance

TSE GEI opened at C$22.69 on Monday. The business has a 50 day moving average price of C$22.99 and a 200 day moving average price of C$23.40. The company has a market capitalization of C$3.70 billion, a P/E ratio of 17.50, a PEG ratio of 1.85 and a beta of 1.25. Gibson Energy has a 1-year low of C$20.60 and a 1-year high of C$26.10. The company has a debt-to-equity ratio of 278.33, a current ratio of 0.70 and a quick ratio of 0.87.

Gibson Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Thursday, April 17th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 7.58%. The ex-dividend date is Monday, March 31st. This is a boost from Gibson Energy’s previous quarterly dividend of $0.41. Gibson Energy’s dividend payout ratio is currently 126.47%.

Insider Transactions at Gibson Energy

In other Gibson Energy news, Senior Officer Riley Hicks bought 8,900 shares of Gibson Energy stock in a transaction dated Friday, February 21st. The stock was bought at an average cost of C$21.10 per share, for a total transaction of C$187,790.00. Also, Director Curtis Philippon purchased 25,000 shares of the firm’s stock in a transaction dated Friday, February 21st. The shares were bought at an average cost of C$21.20 per share, with a total value of C$530,000.00. Corporate insiders own 0.85% of the company’s stock.

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.