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

Gibson Energy Inc. (TSE:GEI - Get Free Report) has received a consensus rating of "Moderate Buy" from the twelve ratings firms that are currently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$26.05.

Several analysts have issued reports on the company. ATB Capital cut their price objective on Gibson Energy from C$28.00 to C$26.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Royal Bank Of Canada dropped their target price on shares of Gibson Energy from C$28.00 to C$26.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. Jefferies Financial Group reduced their price target on shares of Gibson Energy from C$26.00 to C$23.00 and set a "hold" rating for the company in a research report on Thursday, February 20th. Raymond James Financial raised their price objective on shares of Gibson Energy from C$30.00 to C$30.50 and gave the stock a "strong-buy" rating in a research note on Tuesday. Finally, TD Securities cut shares of Gibson Energy from a "buy" rating to a "hold" rating and lifted their price objective for the stock from C$24.00 to C$25.00 in a research report on Tuesday.

Gibson Energy Trading Down 0.5%

Shares of TSE GEI traded down C$0.13 during mid-day trading on Friday, hitting C$24.27. 795,532 shares of the company traded hands, compared to its average volume of 761,631. The company has a quick ratio of 0.87, a current ratio of 0.70 and a debt-to-equity ratio of 278.33. Gibson Energy has a 1 year low of C$19.63 and a 1 year high of C$26.10. The stock has a market capitalization of C$3.96 billion, a price-to-earnings ratio of 18.72, a PEG ratio of 1.85 and a beta of 1.25. The business has a 50 day moving average of C$22.42 and a two-hundred day moving average of C$23.14.

Gibson Energy Announces Dividend

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 paid a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 7.09%. Gibson Energy's dividend payout ratio (DPR) is currently 126.47%.

Insider Activity

In other news, Director Curtis Philippon acquired 15,000 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The shares were purchased at an average price of C$22.26 per share, for a total transaction of C$333,900.00. Also, Senior Officer David Bruce Gosse acquired 2,255 shares of the business's stock in a transaction that occurred on Monday, June 9th. The shares were acquired at an average cost of C$23.50 per share, for a total transaction of C$52,992.50. Insiders have purchased a total of 19,460 shares of company stock worth $436,982 in the last ninety days. Corporate insiders own 0.85% of the company's stock.

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.