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

Shares of Gibson Energy Inc. (TSE:GEI - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the eleven research firms that are currently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$26.05.

Several analysts recently weighed in on the company. CIBC decreased 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 note on Thursday, April 24th. TD Securities downgraded Gibson Energy from a "strong-buy" rating to a "hold" rating and increased their target price for the company from C$24.00 to C$25.00 in a research note on Tuesday, June 17th. Finally, Raymond James Financial increased their target price on Gibson Energy from C$30.00 to C$30.50 and gave the company a "strong-buy" rating in a research note on Tuesday, June 17th.

Gibson Energy Stock Performance

GEI opened at C$23.74 on Wednesday. The company has a market cap of C$3.87 billion, a PE ratio of 18.31, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25. The stock has a 50-day moving average of C$23.16 and a 200-day moving average of C$23.08. Gibson Energy has a 52-week low of C$19.63 and a 52-week high of C$26.10. The company has a debt-to-equity ratio of 278.33, a quick ratio of 0.87 and a current ratio of 0.70.

Gibson Energy Announces Dividend

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 issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 7.25%. Gibson Energy's dividend payout ratio (DPR) is 126.47%.

Insider Activity at Gibson Energy

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

Gibson Energy Company Profile

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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