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

Key Points

• Analysts maintain a “Moderate Buy” consensus on Gibson Energy, with five buy ratings, one strong buy, three holds and one sell. The average 12-month price target is C$32.50, with several firms recently raising their targets.
• Gibson Energy shares opened at C$31.71, near their 52-week high of C$32.99, while the company reported quarterly EPS of C$0.48 and revenue of C$4.83 billion.
• The company paid a quarterly dividend of C$0.45, equivalent to C$1.80 annually and a 5.7% yield; its payout ratio stood at 176%.

Gibson Energy Inc. (TSE:GEI - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the ten research firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$32.50.

A number of research analysts have recently issued reports on the company. TD raised Gibson Energy from a "hold" rating to a "buy" rating and boosted their target price for the company from C$29.00 to C$32.00 in a report on Tuesday, May 26th. JPMorgan Chase & Co. increased their price target on Gibson Energy from C$29.00 to C$30.00 in a report on Thursday, July 30th. Raymond James Financial lifted their price objective on shares of Gibson Energy from C$35.00 to C$36.00 and gave the company an "outperform" rating in a research report on Wednesday, July 29th. Royal Bank Of Canada boosted their price objective on shares of Gibson Energy from C$30.00 to C$33.00 and gave the company an "outperform" rating in a research note on Wednesday, July 29th. Finally, BMO Capital Markets upped their price objective on shares of Gibson Energy from C$29.00 to C$32.00 in a research report on Tuesday, July 28th.

Gibson Energy Stock Performance

Shares of GEI stock opened at C$31.71 on Thursday. The stock has a market capitalization of C$5.47 billion, a PE ratio of 31.71, a price-to-earnings-growth ratio of 1.85 and a beta of 0.12. Gibson Energy has a 52-week low of C$22.09 and a 52-week high of C$32.99. The stock's 50-day moving average price is C$30.25 and its 200 day moving average price is C$29.22. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 294.95.

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 during the quarter.

Gibson Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Friday, July 17th were issued a $0.45 dividend. The ex-dividend date of this dividend was Monday, June 29th. This represents a $1.80 annualized dividend and a dividend yield of 5.7%. Gibson Energy's payout ratio is presently 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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