Gibson Energy Inc. (TSE:GEI) Receives C$26.00 Consensus Price Target from Analysts

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

GEI has been the topic of a number of recent research reports. Royal Bank of Canada raised their price target on shares of Gibson Energy from C$27.00 to C$28.00 and gave the company an "outperform" rating in a report on Thursday, October 3rd. BMO Capital Markets raised their target price on Gibson Energy from C$25.00 to C$25.50 in a report on Thursday, September 5th. National Bankshares upped their price target on 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. Raymond James set a C$28.50 price objective on Gibson Energy and gave the company a "strong-buy" rating in a report on Friday, October 11th. Finally, JPMorgan Chase & Co. reduced their target price on Gibson Energy from C$27.00 to C$26.00 in a report on Wednesday, October 2nd.

Gibson Energy Stock Up 0.8 %

GEI stock traded up C$0.19 during mid-day trading on Tuesday, hitting C$23.76. The stock had a trading volume of 730,725 shares, compared to its average volume of 581,471. Gibson Energy has a 1-year low of C$19.42 and a 1-year high of C$24.33. The company has a fifty day moving average of C$22.96 and a 200 day moving average of C$22.64. 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 stock has a market capitalization of C$3.87 billion, a price-to-earnings ratio of 22.46, a PEG ratio of 1.85 and a beta of 1.25.

Gibson Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.64 dividend on an annualized basis and a dividend yield of 6.90%. Gibson Energy's dividend payout ratio (DPR) is presently 154.72%.

Insider Activity

In other news, Director Curtis Philippon purchased 23,000 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were purchased at an average cost of C$22.03 per share, for a total transaction of C$506,690.00. 0.85% of the stock is owned by company insiders.

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.