Gibson Energy Inc. (TSE:GEI) Given Average Rating of "Moderate Buy" by Brokerages

Gibson Energy Inc. (TSE:GEI - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the twelve ratings firms that are covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$25.85.

A number of equities analysts have weighed in on the company. National Bank Financial downgraded Gibson Energy from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Royal Bank of Canada cut their price target on Gibson Energy from C$28.00 to C$26.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. National Bankshares cut Gibson Energy from an "outperform" rating to a "sector perform" rating and cut their price target for the company from C$29.00 to C$24.00 in a research note on Wednesday, February 19th. CIBC lowered their price objective on shares of Gibson Energy from C$27.00 to C$26.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Finally, ATB Capital lowered their price target on shares of Gibson Energy from C$28.00 to C$26.00 and set an "outperform" rating for the company in a report on Thursday, February 20th.

Gibson Energy Stock Down 0.8%

TSE:GEI opened at C$22.57 on Tuesday. Gibson Energy has a 12-month low of C$19.63 and a 12-month high of C$26.10. The company has a quick ratio of 0.87, a current ratio of 0.70 and a debt-to-equity ratio of 278.33. The firm has a market capitalization of C$3.68 billion, a P/E ratio of 17.40, a P/E/G ratio of 1.85 and a beta of 1.25. The stock's fifty day simple moving average is C$21.83 and its 200-day simple moving average is C$23.10.

Gibson Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Monday, June 30th will be given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 7.62%. Gibson Energy's dividend payout ratio (DPR) is currently 126.47%.

Insider Buying and Selling at Gibson Energy

In other Gibson Energy news, Director Curtis Philippon purchased 25,000 shares of the company's stock in a transaction that occurred on Friday, February 21st. The shares were acquired at an average price of C$21.20 per share, with a total value of C$530,000.00. Also, Senior Officer Riley Hicks purchased 8,900 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was acquired at an average cost of C$21.10 per share, for a total transaction of C$187,790.00. Over the last quarter, insiders have bought 48,900 shares of company stock valued at $1,051,690. 0.85% of the stock is currently owned by insiders.

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.

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