Gibson Energy Inc. (TSE:GEI) Stock Rated "Moderate Buy" by Sell-Side Brokerages

Key Points

• Gibson Energy has a “Moderate Buy” consensus rating from eight analysts: five buys, two holds, and one strong buy. The average 12-month price target is C$32.90.
• Recent broker actions were generally positive, including raised price targets from TD, Scotiabank, National Bank Financial, and CIBC, although Jefferies downgraded the stock to “hold.”
• Gibson announced a quarterly dividend of C$0.45, equivalent to C$1.80 annually and a 5.8% yield; shares opened at C$31.04, near their 52-week high of C$32.99.

Shares of Gibson Energy Inc. (TSE:GEI - Get Free Report) have received a consensus rating of "Moderate Buy" from the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two 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 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$32.90.

GEI has been the subject of a number of recent research reports. TD boosted their price objective on Gibson Energy from C$34.00 to C$35.00 and gave the company a "buy" rating in a research note on Tuesday, September 1st. Scotiabank raised their target price on shares of Gibson Energy from C$29.00 to C$31.00 and gave the stock a "sector perform" rating in a research note on Tuesday, July 21st. Jefferies Financial Group downgraded shares of Gibson Energy from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 22nd. National Bank Financial upped their price target 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. Finally, Canadian Imperial Bank of Commerce increased their price objective on shares of Gibson Energy from C$33.00 to C$34.00 in a research note on Wednesday, July 29th.

Gibson Energy Stock Performance

TSE:GEI opened at C$31.04 on Friday. The stock has a 50-day simple moving average of C$31.36 and a two-hundred day simple moving average of C$29.98. Gibson Energy has a 52-week low of C$22.09 and a 52-week high of C$32.99. The company has a debt-to-equity ratio of 294.95, a quick ratio of 0.87 and a current ratio of 1.07. The firm has a market capitalization of C$5.36 billion, a PE ratio of 31.04, a P/E/G ratio of 1.85 and a beta of -0.00.

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

Gibson Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Friday, October 16th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a $1.80 annualized dividend and a yield of 5.8%. Gibson Energy's dividend payout ratio 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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