Weekly Investment Analysts’ Ratings Changes for Gibson Energy (GEI)

Gibson Energy (TSE: GEI) recently received a number of ratings updates from brokerages and research firms:

• 12/18/2024 – Gibson Energy was downgraded by analysts at Wells Fargo & Company from an “overweight” rating to an “equal weight” rating.
• 12/5/2024 – Gibson Energy was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating. They now have a C$28.00 price target on the stock, up previously from C$25.50.
• 12/5/2024 – Gibson Energy had its price target raised by analysts at CIBC from C$27.00 to C$29.00.
• 12/5/2024 – Gibson Energy had its price target raised by analysts at Jefferies Financial Group Inc. from C$25.00 to C$26.00.
• 12/5/2024 – Gibson Energy had its price target raised by analysts at Raymond James from C$28.50 to C$30.00.
• 12/5/2024 – Gibson Energy had its price target raised by analysts at Scotiabank from C$25.00 to C$26.00.

Gibson Energy Stock Performance

TSE GEI opened at C$24.57 on Tuesday. Gibson Energy Inc. has a 1-year low of C$20.03 and a 1-year high of C$26.10. The company has a 50 day moving average of C$23.64 and a 200-day moving average of C$22.85. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 292.01. The firm has a market cap of C$4.00 billion, a price-to-earnings ratio of 23.18, a PEG ratio of 1.85 and a beta of 1.25.

Gibson Energy Dividend Announcement

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

Insiders Place Their Bets

In related news, Director Curtis Philippon bought 40,000 shares of Gibson Energy stock in a transaction dated Monday, December 9th. The shares were bought at an average cost of C$25.46 per share, for a total transaction of C$1,018,400.00. Insiders own 0.85% of the company’s stock.

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.