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

Key Points

• Gibson Energy Inc. has received an average recommendation of "Moderate Buy" from twelve research firms, with one sell rating, five hold ratings, and five buy ratings.
• The company's current dividend yield is 7.2%, with a quarterly dividend of $0.43 announced for payment on October 17th.
• Gibson Energy's market capitalization stands at C$3.93 billion, with a P/E ratio of 24.74 and a recent stock price of C$24.00.

Gibson Energy Inc. (TSE:GEI - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the twelve research firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is C$26.41.

Several analysts have issued reports on the stock. ATB Capital upped their price target on shares of Gibson Energy from C$26.00 to C$27.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. BMO Capital Markets lowered shares of Gibson Energy from an "outperform" rating to a "hold" rating and upped their price target for the stock from C$26.00 to C$27.00 in a research report on Monday, September 8th. Wells Fargo & Company upped their price target on shares of Gibson Energy from C$23.00 to C$24.00 in a research report on Wednesday, July 30th. Scotiabank upped their price objective on shares of Gibson Energy from C$26.00 to C$27.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Finally, National Bankshares upped their price objective on shares of Gibson Energy from C$24.00 to C$25.00 and gave the company a "sector perform" rating in a report on Wednesday, July 30th.

Insider Activity at Gibson Energy

In related news, Director Maria Hooper acquired 5,000 shares of the firm's stock in a transaction on Monday, August 18th. The shares were purchased at an average cost of C$25.72 per share, for a total transaction of C$128,600.00. Following the completion of the acquisition, the director directly owned 5,000 shares in the company, valued at approximately C$128,600. This trade represents a ∞ increase in their ownership of the stock. 0.85% of the stock is currently owned by corporate insiders.

Gibson Energy Stock Performance

TSE GEI opened at C$24.00 on Friday. 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 firm's fifty day moving average price is C$25.82 and its two-hundred day moving average price is C$24.03. Gibson Energy has a 1 year low of C$19.63 and a 1 year high of C$27.37. The firm has a market capitalization of C$3.93 billion, a P/E ratio of 24.74, a price-to-earnings-growth ratio of 1.85 and a beta of 0.27.

Gibson Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Tuesday, September 30th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 7.2%. Gibson Energy's dividend payout ratio is currently 173.20%.

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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