Gibson Energy Inc. (TSE:GEI) Receives C$25.86 Consensus PT from Analysts

Gibson Energy Inc. (TSE:GEI) has been assigned an average recommendation of “Moderate Buy” from the thirteen analysts that are covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating 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$25.86.

A number of research analysts have recently issued reports on the company. Jefferies Financial Group lowered their price target on Gibson Energy from C$26.00 to C$23.00 and set a “hold” rating on the stock in a report on Thursday, February 20th. TD Securities upgraded shares of Gibson Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 24th. National Bankshares downgraded shares of Gibson Energy from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from C$29.00 to C$24.00 in a report on Wednesday, February 19th. Raymond James decreased their price objective on shares of Gibson Energy from C$30.50 to C$29.50 and set a “strong-buy” rating for the company in a report on Thursday, February 20th. Finally, ATB Capital lowered their price objective on shares of Gibson Energy from C$28.00 to C$26.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th.

Gibson Energy Stock Performance

GEI stock opened at C$22.69 on Monday. The stock’s 50 day simple moving average is C$22.80 and its 200 day simple moving average is C$23.40. The company has a current ratio of 0.70, a quick ratio of 0.87 and a debt-to-equity ratio of 278.33. Gibson Energy has a 12-month low of C$20.60 and a 12-month high of C$26.10. The stock has a market capitalization of C$3.70 billion, a PE ratio of 17.50, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25.

Gibson Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Thursday, April 17th will be paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 7.58%. The ex-dividend date is Monday, March 31st. This is an increase from Gibson Energy’s previous quarterly dividend of $0.41. Gibson Energy’s dividend payout ratio (DPR) is 126.47%.

Insider Buying and Selling

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

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.