Gibson Energy Inc. (TSE:GEI) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Analysts give Gibson Energy a “Moderate Buy” consensus: Five of nine analysts recommend buying the stock, three rate it a hold, and one rates it a strong buy. The average 12-month price target is C$32.80.
• Several brokerages recently raised their price targets, with targets ranging from C$30.00 to C$36.00; TD Securities also upgraded the stock to “strong buy.”
• Gibson Energy reported quarterly EPS of C$0.48 on C$4.83 billion in revenue and pays a quarterly dividend of $0.45 per share, representing an annualized yield of about 5.8%.

Shares of Gibson Energy Inc. (TSE:GEI - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the nine research firms that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$32.80.

Several equities research analysts have recently commented on GEI shares. National Bank Financial boosted their target price on shares of Gibson Energy from C$33.00 to C$34.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 29th. ATB Cormark Capital Markets raised their price target on shares of Gibson Energy from C$32.00 to C$34.00 and gave the company an "outperform" rating in a research report on Wednesday, July 29th. JPMorgan Chase & Co. lifted their price target on Gibson Energy from C$29.00 to C$30.00 in a research note on Thursday, July 30th. Raymond James Financial boosted their price objective on Gibson Energy from C$35.00 to C$36.00 and gave the stock an "outperform" rating in a report on Wednesday, July 29th. Finally, TD Securities upgraded Gibson Energy from a "hold" rating to a "strong-buy" rating in a report on Tuesday, May 26th.

Gibson Energy Price Performance

Shares of TSE GEI opened at C$31.24 on Monday. The company has a market capitalization of C$5.39 billion, a PE ratio of 31.24, a P/E/G ratio of 1.85 and a beta of -0.00. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 294.95. Gibson Energy has a twelve month low of C$22.09 and a twelve month high of C$32.99. The firm has a fifty day simple moving average of C$30.90 and a 200 day simple moving average of C$29.73.

Gibson Energy (TSE:GEI - Get Free Report) last issued its earnings results on Monday, July 27th. The company reported C$0.48 earnings per share for the quarter. Gibson Energy had a return on equity of 18.23% and a net margin of 1.32%.The business had revenue of C$4.83 billion during the quarter.

Gibson Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Friday, July 17th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, June 29th. This represents a $1.80 annualized dividend and a yield of 5.8%. Gibson Energy's dividend payout ratio (DPR) is currently 176.00%.

Gibson Energy Company Profile

Gibson is a leading liquids Infrastructure company with its principal businesses consisting of the storage, optimization, processing, and gathering of liquids and refined products, as well as waterborne vessel loading. Headquartered in Calgary, Alberta, the Company's operations are located across North America, with core terminal assets in Hardisty and Edmonton, Alberta, Ingleside and Wink, Texas, and a facility in Moose Jaw, Saskatchewan. Gibson shares trade under the symbol GEI and are listed on the Toronto Stock Exchange.

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