Brokerages Set Gibson Energy Inc. (TSE:GEI) Price Target at C$26.41

Key Points

• Brokerages have issued a consensus recommendation of "Moderate Buy" for Gibson Energy Inc. (TSE:GEI), with target prices ranging from C$24.00 to C$30.50.
• The company recently declared a quarterly dividend of $0.43 per share, resulting in an annualized dividend yield of 6.5%.
• Gibson Energy's stock performance shows a 12-month high of C$26.71, with a market capitalization of C$4.34 billion.

Shares of Gibson Energy Inc. (TSE:GEI - Get Free Report) have been given an average rating of "Moderate Buy" by the twelve ratings firms that are currently covering the firm, MarketBeat reports. One 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 issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$26.41.

Several research analysts recently issued reports on GEI shares. Jefferies Financial Group raised shares of Gibson Energy from a "hold" rating to a "buy" rating and increased their price target for the stock from C$23.00 to C$28.00 in a report on Wednesday, July 23rd. Royal Bank Of Canada increased their price target on shares of Gibson Energy from C$25.00 to C$26.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. JPMorgan Chase & Co. increased their price target on shares of Gibson Energy from C$24.00 to C$25.00 and gave the stock an "underweight" rating in a report on Wednesday, August 20th. Raymond James Financial increased their target price on shares of Gibson Energy from C$30.00 to C$30.50 and gave the company a "strong-buy" rating in a report on Tuesday, June 17th. Finally, TD Securities lowered Gibson Energy from a "strong-buy" rating to a "hold" rating and boosted their price target for the stock from C$24.00 to C$25.00 in a research note on Tuesday, June 17th.

Insider Activity at Gibson Energy

In other Gibson Energy news, Director Maria Hooper acquired 5,000 shares of the company's stock in a transaction dated Monday, August 18th. The stock was acquired at an average cost of C$25.72 per share, with a total value of C$128,600.00. Following the purchase, the director directly owned 5,000 shares in the company, valued at approximately C$128,600. This trade represents a ∞ increase in their position. 0.85% of the stock is owned by corporate insiders.

Gibson Energy Stock Performance

TSE GEI traded up C$0.08 during trading hours on Monday, hitting C$26.60. The company had a trading volume of 691,491 shares, compared to its average volume of 684,704. The business has a 50 day moving average of C$25.55 and a 200-day moving average of C$23.62. The company has a market cap of C$4.36 billion, a PE ratio of 27.42, a price-to-earnings-growth ratio of 1.85 and a beta of 0.40. Gibson Energy has a 1-year low of C$19.63 and a 1-year high of C$26.71. 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Tuesday, September 30th will be given a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 6.5%. Gibson Energy's dividend payout ratio is presently 173.20%.

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.