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

Gibson Energy Inc. (TSE:GEI) has earned an average rating of “Buy” from the ten brokerages that are covering the firm, Marketbeat Ratings 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 12 month price objective among brokers that have issued ratings on the stock in the last year is C$27.11.

A number of research firms recently issued reports on GEI. BMO Capital Markets raised shares of Gibson Energy from a “market perform” rating to an “outperform” rating and increased their price target for the stock from C$25.50 to C$28.00 in a research note on Thursday, December 5th. JPMorgan Chase & Co. decreased their target price on Gibson Energy from C$27.00 to C$26.00 in a research report on Wednesday, October 2nd. Scotiabank lifted their price target on Gibson Energy from C$25.00 to C$26.00 in a research report on Thursday, December 5th. Wells Fargo & Company downgraded Gibson Energy from an “overweight” rating to an “equal weight” rating in a report on Wednesday. Finally, Jefferies Financial Group boosted their target price on shares of Gibson Energy from C$25.00 to C$26.00 in a report on Thursday, December 5th.

Gibson Energy Stock Up 0.2 %

Shares of Gibson Energy stock opened at C$24.34 on Friday. The company’s fifty day simple moving average is C$23.61 and its two-hundred day simple moving average is C$22.84. Gibson Energy has a 12-month low of C$20.03 and a 12-month high of C$26.10. 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 company has a market cap of C$3.96 billion, a P/E ratio of 22.96, a PEG ratio of 1.85 and a beta of 1.25.

Gibson Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 6.74%. The ex-dividend date is Tuesday, December 31st. Gibson Energy’s payout ratio is 154.72%.

Insider Activity at Gibson Energy

In other Gibson Energy news, Director Curtis Philippon bought 40,000 shares of Gibson Energy stock in a transaction 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 currently 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.