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

Gibson Energy Inc. (TSE:GEI) has earned a consensus recommendation of “Buy” from the ten analysts that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is C$27.11.

A number of research analysts have weighed in on the stock. Jefferies Financial Group lifted their price target on shares of Gibson Energy from C$25.00 to C$26.00 in a research note on Thursday, December 5th. Royal Bank of Canada increased their target price on Gibson Energy from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Scotiabank boosted their price target on Gibson Energy from C$25.00 to C$26.00 in a report on Thursday, December 5th. CIBC increased their price objective on Gibson Energy from C$27.00 to C$29.00 in a report on Thursday, December 5th. Finally, Raymond James boosted their target price on Gibson Energy from C$28.50 to C$30.00 in a research note on Thursday, December 5th.

Insiders Place Their Bets

In other Gibson Energy news, Director Curtis Philippon acquired 40,000 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was acquired at an average price of C$25.46 per share, for a total transaction of C$1,018,400.00. Insiders own 0.85% of the company’s stock.

Gibson Energy Trading Up 0.5 %

TSE GEI opened at C$24.70 on Friday. The company has a debt-to-equity ratio of 292.01, a current ratio of 1.18 and a quick ratio of 0.87. The stock’s 50-day moving average is C$23.76 and its 200-day moving average is C$22.92. Gibson Energy has a one year low of C$20.03 and a one year high of C$26.10. The firm has a market cap of C$4.02 billion, a P/E ratio of 23.30, a P/E/G ratio of 1.85 and a beta of 1.25.

Gibson Energy Dividend Announcement

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 given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 6.64%. The ex-dividend date of this dividend is Tuesday, December 31st. Gibson Energy’s dividend payout ratio is 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.