Analysts Set Gibson Energy Inc. (TSE:GEI) Price Target at C$27.11

Shares of Gibson Energy Inc. (TSE:GEI - Get Free Report) have been given an average rating of "Buy" by the ten ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$27.11.

Several equities analysts have weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Gibson Energy from C$27.00 to C$26.00 in a research report on Wednesday, October 2nd. Raymond James raised their price target on shares of Gibson Energy from C$28.50 to C$30.00 in a research note on Thursday, December 5th. Scotiabank boosted their price objective on shares of Gibson Energy from C$25.00 to C$26.00 in a research report on Thursday, December 5th. Wells Fargo & Company cut shares of Gibson Energy from an "overweight" rating to an "equal weight" rating in a research report on Wednesday. Finally, BMO Capital Markets upgraded Gibson Energy from a "market perform" rating to an "outperform" rating and raised their price objective for the company from C$25.50 to C$28.00 in a report on Thursday, December 5th.

Insiders Place Their Bets

In related news, Director Curtis Philippon purchased 40,000 shares of the firm's stock in a transaction on Monday, December 9th. The shares were acquired at an average price of C$25.46 per share, for a total transaction of C$1,018,400.00. 0.85% of the stock is currently owned by insiders.

Gibson Energy Stock Performance

Shares of TSE:GEI traded up C$0.06 during trading hours on Friday, hitting C$24.34. The stock had a trading volume of 866,864 shares, compared to its average volume of 599,846. Gibson Energy has a 1-year low of C$20.03 and a 1-year high of C$26.10. The firm has a market capitalization of C$3.96 billion, a price-to-earnings ratio of 22.96, a PEG ratio of 1.85 and a beta of 1.25. The stock's fifty day simple moving average is C$23.64 and its 200 day simple moving average is C$22.85. The company has a debt-to-equity ratio of 292.01, a quick ratio of 0.87 and a current ratio of 1.18.

Gibson Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.64 annualized dividend and a yield of 6.74%. Gibson Energy's dividend payout ratio is 154.72%.

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.