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

Shares of Gibson Energy Inc. (TSE:GEI) have received a consensus recommendation of “Moderate Buy” from the twelve brokerages that are currently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$25.85.

Several brokerages recently weighed in on GEI. Royal Bank of Canada reduced their price target on Gibson Energy from C$28.00 to C$26.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Raymond James reduced their price target on Gibson Energy from C$30.50 to C$29.50 and set a “strong-buy” rating on the stock in a research note on Thursday, February 20th. Jefferies Financial Group reduced their price target on Gibson Energy from C$26.00 to C$23.00 and set a “hold” rating on the stock in a research note on Thursday, February 20th. National Bank Financial cut Gibson Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Finally, National Bankshares cut Gibson Energy from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from C$29.00 to C$24.00 in a research note on Wednesday, February 19th.

Insider Activity

In other news, Senior Officer David Bruce Gosse bought 2,255 shares of the stock in a transaction on Monday, June 9th. The shares were bought at an average price of C$23.50 per share, with a total value of C$52,992.50. Also, Director Curtis Philippon bought 15,000 shares of the stock in a transaction on Tuesday, May 13th. The stock was purchased at an average cost of C$22.26 per share, for a total transaction of C$333,900.00. Insiders have acquired a total of 19,460 shares of company stock valued at $436,982 over the last ninety days. 0.85% of the stock is currently owned by corporate insiders.

Gibson Energy Price Performance

GEI opened at C$24.74 on Friday. The stock has a market capitalization of C$4.04 billion, a PE ratio of 19.08, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25. The stock’s 50 day moving average price is C$22.28 and its 200-day moving average price is C$23.13. Gibson Energy has a 52-week low of C$19.63 and a 52-week high of C$26.10. The company has a debt-to-equity ratio of 278.33, a quick ratio of 0.87 and a current ratio of 0.70.

Gibson Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Monday, June 30th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 6.95%. Gibson Energy’s dividend payout ratio (DPR) is 126.47%.

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.