Gibson Energy Inc. (TSE:GEI) Receives Consensus Recommendation of "Buy" from Analysts

Shares of Gibson Energy Inc. (TSE:GEI - Get Free Report) have been given a consensus rating of "Buy" by the ten ratings firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$26.00.

A number of research firms have recently issued reports on GEI. Royal Bank of Canada raised 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. Raymond James set a C$28.50 price objective on shares of Gibson Energy and gave the stock a "strong-buy" rating in a research report on Friday, October 11th. JPMorgan Chase & Co. dropped their price objective on shares of Gibson Energy from C$27.00 to C$26.00 in a research report on Wednesday, October 2nd. National Bankshares boosted their price objective on Gibson Energy from C$25.00 to C$26.00 and gave the stock an "outperform" rating in a report on Friday, August 23rd. Finally, BMO Capital Markets increased their target price on Gibson Energy from C$25.00 to C$25.50 in a research note on Thursday, September 5th.

Insider Buying and Selling

In other news, Director Curtis Philippon acquired 23,000 shares of the stock in a transaction on Wednesday, September 4th. The stock was acquired at an average cost of C$22.03 per share, for a total transaction of C$506,690.00. In related news, Director Curtis Philippon purchased 23,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 4th. The shares were bought at an average cost of C$22.03 per share, with a total value of C$506,690.00. Also, Director Margaret Cahill Montana acquired 3,400 shares of the company's stock in a transaction that occurred on Wednesday, August 7th. The stock was bought at an average cost of C$21.52 per share, with a total value of C$73,168.00. 0.85% of the stock is currently owned by company insiders.

Gibson Energy Stock Down 0.6 %

Shares of TSE GEI traded down C$0.14 during mid-day trading on Friday, hitting C$22.96. The company had a trading volume of 362,264 shares, compared to its average volume of 577,068. 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 50-day simple moving average of C$22.58 and a two-hundred day simple moving average of C$22.60. The company has a market capitalization of C$3.74 billion, a PE ratio of 21.79, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25. Gibson Energy has a one year low of C$19.42 and a one year high of C$24.33.

Gibson Energy (TSE:GEI - Get Free Report) last announced its quarterly earnings results on Monday, July 29th. The company reported C$0.38 EPS for the quarter, beating analysts' consensus estimates of C$0.36 by C$0.02. The firm had revenue of C$3.23 billion during the quarter. Gibson Energy had a net margin of 1.42% and a return on equity of 23.48%.

Gibson Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 7.14%. The ex-dividend date is Tuesday, December 31st. Gibson Energy's payout ratio is currently 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.