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

Shares of Gibson Energy Inc. (TSE:GEI - Get Free Report) have received an average rating of "Moderate Buy" from the twelve ratings firms that are covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$25.85.

A number of brokerages have recently issued reports on GEI. National Bank Financial downgraded Gibson Energy from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Scotiabank dropped their target price on Gibson Energy from C$27.00 to C$26.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. CIBC dropped their target price on 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. Raymond James dropped their target price on Gibson Energy from C$30.50 to C$29.50 and set a "strong-buy" rating for the company in a research report on Thursday, February 20th. Finally, Jefferies Financial Group dropped their target price on 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.

Insider Buying and Selling at Gibson Energy

In other Gibson Energy news, Director Curtis Philippon bought 15,000 shares of Gibson Energy stock in a transaction dated Tuesday, May 13th. The shares were purchased at an average cost of C$22.26 per share, with a total value of C$333,900.00. Also, Senior Officer David Bruce Gosse bought 2,205 shares of Gibson Energy stock in a transaction dated Monday, May 26th. The shares were acquired at an average cost of C$22.72 per share, for a total transaction of C$50,089.66. Over the last 90 days, insiders purchased 19,460 shares of company stock worth $436,982. 0.85% of the stock is currently owned by insiders.

Gibson Energy Stock Performance

Shares of GEI opened at C$24.74 on Friday. The company has a market cap of C$4.04 billion, a PE ratio of 19.08, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25. The company has a current ratio of 0.70, a quick ratio of 0.87 and a debt-to-equity ratio of 278.33. The stock has a 50-day moving average price of C$22.28 and a 200-day moving average price of C$23.13. Gibson Energy has a 12-month low of C$19.63 and a 12-month high of C$26.10.

Gibson Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Monday, June 30th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 6.95%. Gibson Energy's payout ratio is currently 126.47%.

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.

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