Brokerages Set Gibson Energy Inc. (TSE:GEI) Price Target at C$25.72

Gibson Energy Inc. (TSE:GEI - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the nine ratings firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$25.72.

Several brokerages have issued reports on GEI. National Bankshares boosted their price objective on shares of Gibson Energy from C$25.00 to C$26.00 and gave the company an "outperform" rating in a research note on Friday, August 23rd. Royal Bank of Canada boosted their price target on shares of Gibson Energy from C$27.00 to C$28.00 and gave the stock an "outperform" rating in a research note on Thursday. BMO Capital Markets raised their price objective on shares of Gibson Energy from C$25.00 to C$25.50 in a research report on Thursday, September 5th. Finally, JPMorgan Chase & Co. lowered their price objective on Gibson Energy from C$27.00 to C$26.00 in a report on Wednesday, October 2nd.

Insider Buying and Selling at Gibson Energy

In other Gibson Energy news, Director Curtis Philippon bought 23,000 shares of the business's stock in a transaction on Wednesday, September 4th. The stock was bought at an average price of C$22.03 per share, for a total transaction of C$506,690.00. In other news, Director Margaret Cahill Montana bought 3,400 shares of the business's stock in a transaction that occurred on Wednesday, August 7th. The stock was purchased at an average price of C$21.52 per share, with a total value of C$73,168.00. Also, Director Curtis Philippon purchased 23,000 shares of the firm's stock in a transaction 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 corporate insiders.

Gibson Energy Stock Performance

TSE GEI traded up C$0.43 during trading on Monday, reaching C$23.25. The company's stock had a trading volume of 1,267,997 shares, compared to its average volume of 560,461. The business's fifty day moving average price is C$22.05 and its 200-day moving average price is C$22.54. Gibson Energy has a twelve month low of C$19.33 and a twelve month high of C$23.64. The company has a debt-to-equity ratio of 292.01, a quick ratio of 0.87 and a current ratio of 1.18. The firm has a market cap of C$3.78 billion, a price-to-earnings ratio of 21.53, a P/E/G ratio of 1.85 and a beta of 1.25.

Gibson Energy (TSE:GEI - Get Free Report) last issued its quarterly earnings results on Monday, July 29th. The company reported C$0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.36 by C$0.02. The firm had revenue of C$3.23 billion for the quarter. Gibson Energy had a return on equity of 23.48% and a net margin of 1.42%. As a group, analysts anticipate that Gibson Energy will post 1.6838951 EPS for the current fiscal year.

Gibson Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Monday, September 30th will be issued a dividend of $0.41 per share. The ex-dividend date is Friday, September 27th. This represents a $1.64 annualized dividend and a yield of 7.05%. Gibson Energy's dividend payout ratio is presently 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.