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

Key Points

• Gibson Energy Inc. has received a consensus rating of "Moderate Buy" from twelve research firms, with one sell recommendation and six buy ratings.
• The company's average 1-year price target is C$26.50, with Jefferies Financial Group recently raising their target price to C$28.00.
• Gibson Energy announced a quarterly dividend of $0.43 per share, representing an annualized yield of 6.7%.

Gibson Energy Inc. (TSE:GEI - Get Free Report) has received a consensus rating of "Moderate Buy" from the twelve research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$26.50.

Several equities research analysts have recently issued reports on GEI shares. Jefferies Financial Group upgraded Gibson Energy from a "hold" rating to a "buy" rating and raised their price objective for the stock from C$23.00 to C$28.00 in a report on Wednesday, July 23rd. Raymond James Financial raised their target price on shares of Gibson Energy from C$30.00 to C$30.50 and gave the stock a "strong-buy" rating in a research report on Tuesday, June 17th. Royal Bank Of Canada boosted their target price on shares of Gibson Energy from C$25.00 to C$26.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. National Bankshares increased their price target on shares of Gibson Energy from C$24.00 to C$25.00 and gave the stock a "sector perform" rating in a research note on Wednesday, July 30th. Finally, TD Securities downgraded Gibson Energy from a "strong-buy" rating to a "hold" rating and upped their price objective for the stock from C$24.00 to C$25.00 in a report on Tuesday, June 17th.

Gibson Energy Stock Performance

TSE GEI opened at C$25.86 on Thursday. The business has a 50 day moving average price of C$24.74 and a 200 day moving average price of C$23.11. The company has a market capitalization of C$4.22 billion, a P/E ratio of 19.94, a PEG ratio of 1.85 and a beta of 1.25. Gibson Energy has a 1-year low of C$19.63 and a 1-year high of C$26.29. The company has a debt-to-equity ratio of 278.33, a current ratio of 0.70 and a quick ratio of 0.87.

Gibson Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 6.7%. Gibson Energy's payout ratio is currently 126.47%.

Insiders Place Their Bets

In other Gibson Energy news, Senior Officer David Bruce Gosse acquired 2,255 shares of the company's stock in a transaction dated Monday, June 9th. The stock was bought at an average price of C$23.50 per share, with a total value of C$52,992.50. 0.85% of the stock is currently owned by company insiders.

About Gibson Energy

Gibson Energy Inc is an oil infrastructure company that collects, stores, and processes crude oil and refined products. Reportable segments include marketing, which deals with buying, selling, and optimizing products such as crude oil, natural gas liquid, road asphalt, and oil-based mud product; and infrastructure, which makes up a system of oil terminals, rail loading facilities, pipelines, and an oil processing facility.

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