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

Gibson Energy Inc. (TSE:GEI) has been assigned a consensus recommendation of “Buy” from the nine brokerages that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$27.11.

A number of brokerages have commented on GEI. Royal Bank of Canada increased their price objective on shares of Gibson Energy from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Wells Fargo & Company cut shares of Gibson Energy from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, December 18th. CIBC boosted their price objective on shares of Gibson Energy from C$27.00 to C$29.00 in a research report on Thursday, December 5th. Jefferies Financial Group increased their price objective on Gibson Energy from C$25.00 to C$26.00 in a research report on Thursday, December 5th. Finally, BMO Capital Markets upgraded Gibson Energy from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from C$25.50 to C$28.00 in a research report on Thursday, December 5th.

Insider Buying and Selling at Gibson Energy

In other Gibson Energy news, Senior Officer Kelly Holtby bought 2,010 shares of Gibson Energy stock in a transaction on Monday, December 30th. The shares were purchased at an average cost of C$24.85 per share, for a total transaction of C$49,948.50. Also, Director Curtis Philippon purchased 40,000 shares of the 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. Insiders own 0.85% of the company’s stock.

Gibson Energy Price Performance

Shares of GEI stock opened at C$25.55 on Wednesday. The stock’s fifty day moving average is C$24.08 and its 200-day moving average is C$23.09. 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 52 week low of C$20.33 and a 52 week high of C$26.10. The stock has a market capitalization of C$4.16 billion, a PE ratio of 24.10, a PEG ratio of 1.85 and a beta of 1.25.

Gibson Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be issued a $0.41 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.64 dividend on an annualized basis and a yield of 6.42%. Gibson Energy’s dividend payout ratio is presently 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.