Gibson Energy Inc. (TSE:GEI) Receives C$26.05 Average PT from Analysts

Shares of Gibson Energy Inc. (TSE:GEI - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the eleven brokerages that are currently covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$26.05.

GEI has been the subject of several recent analyst reports. Raymond James Financial raised their target price on 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. TD Securities cut Gibson Energy from a "strong-buy" rating to a "hold" rating and lifted their price objective for the company from C$24.00 to C$25.00 in a research report on Tuesday, June 17th. Finally, CIBC cut their target price on Gibson Energy from C$27.00 to C$26.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th.

Gibson Energy Price Performance

Shares of GEI stock traded up C$0.23 during mid-day trading on Wednesday, hitting C$24.08. 593,316 shares of the stock traded hands, compared to its average volume of 751,110. Gibson Energy has a twelve month low of C$19.63 and a twelve month high of C$26.10. The firm has a market cap of C$3.93 billion, a price-to-earnings ratio of 18.57, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25. The company's 50-day simple moving average is C$23.29 and its 200-day simple moving average is C$23.06. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, June 30th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 7.14%. Gibson Energy's payout ratio is 126.47%.

Insider Activity at Gibson Energy

In other news, Director Curtis Philippon bought 15,000 shares of the firm's stock in a transaction dated Tuesday, May 13th. The shares were bought 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 bought 2,255 shares of the firm's stock in a transaction dated Monday, June 9th. The stock was purchased at an average cost of C$23.50 per share, for a total transaction of C$52,992.50. Insiders bought 19,460 shares of company stock worth $436,982 in the last ninety days. 0.85% of the stock is 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.