Gibson Energy Inc. (TSE:GEI) Receives Average Rating of "Buy" from Brokerages

Gibson Energy Inc. (TSE:GEI - Get Free Report) has earned a consensus recommendation of "Buy" from the nine research firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$27.11.

A number of research analysts have recently weighed in on GEI shares. Royal Bank of Canada lifted their price objective on Gibson Energy from C$27.00 to C$28.00 and gave the company an "outperform" rating in a research report on Thursday, October 3rd. Jefferies Financial Group upped their price target on shares of Gibson Energy from C$25.00 to C$26.00 in a research report on Thursday, December 5th. Scotiabank increased their price target on Gibson Energy from C$25.00 to C$26.00 in a research note on Thursday, December 5th. Raymond James boosted their price objective on Gibson Energy from C$28.50 to C$30.00 in a research report on Thursday, December 5th. Finally, BMO Capital Markets upgraded Gibson Energy from a "market perform" rating to an "outperform" rating and increased their target price for the stock from C$25.50 to C$28.00 in a research report on Thursday, December 5th.

Insider Activity at Gibson Energy

In other Gibson Energy news, Director Curtis Philippon acquired 40,000 shares of the company's stock in a transaction on Monday, December 9th. The stock was acquired at an average cost of C$25.46 per share, with a total value of C$1,018,400.00. Also, Senior Officer Kelly Holtby bought 2,010 shares of Gibson Energy stock in a transaction dated Monday, December 30th. The stock was acquired at an average price of C$24.85 per share, for a total transaction of C$49,948.50. 0.85% of the stock is owned by corporate insiders.

Gibson Energy Stock Performance

TSE GEI traded down C$0.27 on Wednesday, hitting C$25.28. 116,213 shares of the company traded hands, compared to its average volume of 589,212. 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 business's 50 day moving average price is C$24.08 and its 200-day moving average price is C$23.09. The company has a market capitalization of C$4.11 billion, a price-to-earnings ratio of 23.85, a P/E/G ratio of 1.85 and a beta of 1.25. Gibson Energy has a 52-week low of C$20.33 and a 52-week high of C$26.10.

Gibson Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be issued a $0.41 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.64 annualized dividend and a dividend yield of 6.49%. 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.