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

Shares of Gibson Energy Inc. (TSE:GEI) have received a consensus rating of “Buy” from the ten brokerages that are covering the stock, MarketBeat Ratings reports. One investment 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 12-month price objective among brokers that have issued ratings on the stock in the last year is C$26.00.

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

Gibson Energy Trading Down 1.5 %

Shares of Gibson Energy stock opened at C$23.57 on Tuesday. The firm has a market capitalization of C$3.84 billion, a PE ratio of 22.24, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 292.01. The firm’s 50 day moving average is C$22.96 and its 200 day moving average is C$22.64. 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 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 dividend of $0.41 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.64 dividend on an annualized basis and a yield of 6.96%. Gibson Energy’s dividend payout ratio (DPR) is presently 154.72%.

Insiders Place Their Bets

In other news, Director Curtis Philippon acquired 23,000 shares of Gibson Energy stock in a transaction on Wednesday, September 4th. The stock was acquired at an average cost of C$22.03 per share, with a total value of C$506,690.00. Insiders own 0.85% of the company’s stock.

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.