Gibson Energy Inc. (TSE:GEI) Receives C$27.11 Consensus Price Target from Analysts

Gibson Energy Inc. (TSE:GEI) has been assigned an average recommendation of “Buy” from the ten brokerages that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$27.11.

A number of brokerages recently issued reports on GEI. Wells Fargo & Company cut shares of Gibson Energy from an “overweight” rating to an “equal weight” rating in a report on Wednesday, December 18th. Jefferies Financial Group upped their price objective on shares of Gibson Energy from C$25.00 to C$26.00 in a research report on Thursday, December 5th. Raymond James lifted their target price on Gibson Energy from C$28.50 to C$30.00 in a report on Thursday, December 5th. Scotiabank increased their price target on Gibson Energy from C$25.00 to C$26.00 in a report on Thursday, December 5th. Finally, BMO Capital Markets upgraded Gibson Energy from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from C$25.50 to C$28.00 in a report on Thursday, December 5th.

Gibson Energy Stock Performance

Shares of GEI stock opened at C$24.57 on Friday. The stock has a market cap of C$4.00 billion, a PE ratio of 23.18, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25. The stock has a 50-day moving average of C$23.64 and a 200-day moving average of C$22.85. The company has a debt-to-equity ratio of 292.01, a current ratio of 1.18 and a quick ratio of 0.87. Gibson Energy has a one year low of C$20.03 and a one year high of C$26.10.

Gibson Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.41 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.64 dividend on an annualized basis and a dividend yield of 6.67%. Gibson Energy’s payout ratio is presently 154.72%.

Insider Activity at Gibson Energy

In other Gibson Energy news, Director Curtis Philippon purchased 40,000 shares of the business’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. 0.85% of the stock is owned by insiders.

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.