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

Gibson Energy Inc. (TSE:GEI) has earned a consensus recommendation of “Buy” from the ten brokerages that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$27.11.

Several brokerages recently commented on GEI. Raymond James upped their target price on Gibson Energy from C$28.50 to C$30.00 in a report on Thursday, December 5th. BMO Capital Markets raised shares of Gibson Energy from a “market perform” rating to an “outperform” rating and upped their price objective for the company from C$25.50 to C$28.00 in a research note on Thursday, December 5th. JPMorgan Chase & Co. lowered their target price on shares of Gibson Energy from C$27.00 to C$26.00 in a research note on Wednesday, October 2nd. Wells Fargo & Company cut shares of Gibson Energy from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, December 18th. Finally, Scotiabank lifted their price objective on Gibson Energy from C$25.00 to C$26.00 in a research report on Thursday, December 5th.

Gibson Energy Trading Up 0.5 %

TSE GEI opened at C$24.70 on Friday. The firm has a market capitalization of C$4.02 billion, a PE ratio of 23.30, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25. The business’s 50-day moving average price is C$23.76 and its two-hundred day moving average price is C$22.92. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 292.01. Gibson Energy has a 12 month low of C$20.03 and a 12 month high of C$26.10.

Gibson Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be paid a $0.41 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.64 annualized dividend and a dividend yield of 6.64%. Gibson Energy’s dividend payout ratio is presently 154.72%.

Insider Buying and Selling

In other Gibson Energy news, Director Curtis Philippon purchased 40,000 shares of Gibson Energy stock in a transaction that occurred 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 owned by company 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.