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

Gibson Energy Inc. (TSE:GEI) has been given a consensus recommendation of “Buy” by the ten brokerages that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, eight have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$27.11.

A number of brokerages recently commented on GEI. CIBC upped their price target on shares of Gibson Energy from C$27.00 to C$29.00 in a research note on Thursday, December 5th. JPMorgan Chase & Co. dropped their target price on Gibson Energy from C$27.00 to C$26.00 in a research report on Wednesday, October 2nd. Jefferies Financial Group lifted their price target on Gibson Energy from C$25.00 to C$26.00 in a research report on Thursday, December 5th. Wells Fargo & Company cut Gibson Energy from an “overweight” rating to an “equal weight” rating in a report on Wednesday, December 18th. Finally, Scotiabank lifted their target price on Gibson Energy from C$25.00 to C$26.00 in a report on Thursday, December 5th.

Insider Activity

In other Gibson Energy news, Director Curtis Philippon purchased 40,000 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were purchased at an average cost of C$25.46 per share, with a total value of C$1,018,400.00. Corporate insiders own 0.85% of the company’s stock.

Gibson Energy Price Performance

TSE GEI opened at C$24.58 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 292.01. The company has a market cap of C$4.00 billion, a PE ratio of 23.19, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25. Gibson Energy has a 52 week low of C$20.03 and a 52 week high of C$26.10. The firm’s 50-day simple moving average is C$23.72 and its two-hundred day simple moving average is C$22.90.

Gibson Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 6.67%. The ex-dividend date of this dividend is Tuesday, December 31st. Gibson Energy’s dividend payout ratio (DPR) is 154.72%.

Gibson Energy Company Profile

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.