Analysts Set Gibson Energy Inc. (TSE:GEI) Price Target at C$26.59

Key Points

• Gibson Energy Inc. has received an average analyst rating of “Moderate Buy” from eleven ratings firms covering the stock, with a 12-month target price of C$26.59.
• Recent price target upgrades include Jefferies Financial Group raising their target to C$28.00, and Scotiabank increasing it to C$27.00, reflecting positive sentiment about the company’s performance.
• The company declared a quarterly dividend of $0.43, yielding 6.8%, with a payout ratio currently at 126.47%.

Shares of Gibson Energy Inc. (TSE:GEI - Get Free Report) have been given an average recommendation of "Moderate Buy" by the eleven brokerages that are presently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$26.59.

A number of research firms have recently commented on GEI. Raymond James Financial upped their price objective on shares of 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. ATB Capital lifted their price target 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. National Bankshares boosted 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 research note on Wednesday, July 30th. Jefferies Financial Group upgraded Gibson Energy from a "hold" rating to a "buy" rating and lifted their target price for the company from C$23.00 to C$28.00 in a report on Wednesday, July 23rd. Finally, TD Securities lowered Gibson Energy from a "strong-buy" rating to a "hold" rating and upped their price target for the stock from C$24.00 to C$25.00 in a research note on Tuesday, June 17th.

Gibson Energy Price Performance

TSE GEI traded up C$0.02 during trading hours on Friday, reaching C$25.06. The company's stock had a trading volume of 87,610 shares, compared to its average volume of 725,314. The company has a debt-to-equity ratio of 278.33, a quick ratio of 0.87 and a current ratio of 0.70. The company's 50-day moving average is C$24.09 and its two-hundred day moving average is C$23.02. Gibson Energy has a fifty-two week low of C$19.63 and a fifty-two week high of C$26.10. The stock has a market cap of C$4.09 billion, a PE ratio of 19.32, a PEG ratio of 1.85 and a beta of 1.25.

Gibson Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Tuesday, September 30th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 6.9%. Gibson Energy's payout ratio is 126.47%.

Insiders Place Their Bets

In other news, Senior Officer David Bruce Gosse bought 2,255 shares of the business's stock in a transaction on Monday, June 9th. The shares were bought at an average cost of C$23.50 per share, with a total value of C$52,992.50. Also, Director Curtis Philippon purchased 15,000 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The shares were acquired at an average cost of C$22.26 per share, for a total transaction of C$333,900.00. Insiders purchased a total of 19,460 shares of company stock valued at $436,982 in the last quarter. 0.85% of the stock is currently owned by corporate 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.