Gibson Energy Inc. (TSE:GEI) Given Average Recommendation of “Buy” by Brokerages

Gibson Energy Inc. (TSE:GEI) has been assigned an average rating of “Buy” from the ten brokerages that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, eight have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$26.00.

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. decreased their price target on shares of Gibson Energy from C$27.00 to C$26.00 in a research note on Wednesday, October 2nd. Raymond James set a C$28.50 price target on shares of Gibson Energy and gave the stock a “strong-buy” rating in a research note on Friday. BMO Capital Markets raised their price target on shares of Gibson Energy from C$25.00 to C$25.50 in a research note on Thursday, September 5th. Royal Bank of Canada raised their price target on shares of Gibson Energy from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Finally, National Bankshares raised 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 research note on Friday, August 23rd.

Insider Activity

In other Gibson Energy news, Director Curtis Philippon purchased 23,000 shares of the business’s stock in a transaction on Wednesday, September 4th. The stock was acquired at an average price of C$22.03 per share, with a total value of C$506,690.00. In other Gibson Energy news, Director Curtis Philippon purchased 23,000 shares of the business’s stock in a transaction on Wednesday, September 4th. The stock was acquired at an average price of C$22.03 per share, with a total value of C$506,690.00. Also, Director Margaret Cahill Montana purchased 3,400 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were acquired at an average cost of C$21.52 per share, with a total value of C$73,168.00. 0.85% of the stock is currently owned by insiders.

Gibson Energy Price Performance

TSE GEI opened at C$23.45 on Monday. The business has a 50 day simple moving average of C$22.07 and a 200 day simple moving average of C$22.55. Gibson Energy has a 52-week low of C$19.33 and a 52-week high of C$23.64. The company has a debt-to-equity ratio of 292.01, a quick ratio of 0.87 and a current ratio of 1.18. The stock has a market cap of C$3.82 billion, a price-to-earnings ratio of 22.12, a PEG ratio of 1.85 and a beta of 1.25.

Gibson Energy (TSE:GEI) last posted its earnings results on Monday, July 29th. The company reported C$0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.36 by C$0.02. Gibson Energy had a return on equity of 23.48% and a net margin of 1.42%. The business had revenue of C$3.23 billion during the quarter.

Gibson Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Monday, September 30th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 6.99%. The ex-dividend date is Friday, September 27th. Gibson Energy’s payout ratio is presently 154.72%.

About Gibson Energy

Gibson Energy Inc, together with its subsidiaries, engages in the gathering, storage, optimization, processing, and marketing of liquids and refined products in Canada and the United States. It operates through Infrastructure and Marketing segments. The Infrastructure segment operates a network of liquid infrastructure assets that include oil terminals, rail loading and unloading facilities, gathering pipelines, a crude oil processing facility, and other terminals.