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

Shares of Gibson Energy Inc. (TSE:GEIGet Free Report) have been assigned an average recommendation of “Moderate Buy” from the ten ratings firms that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$26.90.

Several research firms recently weighed in on GEI. Wells Fargo & Company cut shares of Gibson Energy from an “overweight” rating to an “equal weight” rating in a report on Wednesday, December 18th. Raymond James upped their target price on Gibson Energy from C$28.50 to C$30.00 in a report on Thursday, December 5th. Scotiabank lifted their price target on Gibson Energy from C$25.00 to C$26.00 in a report on Thursday, December 5th. CIBC upped their price objective on Gibson Energy from C$27.00 to C$29.00 in a research note on Thursday, December 5th. Finally, Jefferies Financial Group lifted their target price on Gibson Energy from C$25.00 to C$26.00 in a research note on Thursday, December 5th.

Check Out Our Latest Report on Gibson Energy

Gibson Energy Price Performance

Shares of TSE:GEI opened at C$25.87 on Wednesday. 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 cap of C$4.21 billion, a PE ratio of 24.41, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25. The stock’s fifty day simple moving average is C$24.32 and its two-hundred day simple moving average is C$23.15. Gibson Energy has a 1-year low of C$20.33 and a 1-year high of C$26.10.

Gibson Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Tuesday, December 31st were paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 6.34%. The ex-dividend date was Tuesday, December 31st. Gibson Energy’s payout ratio is currently 154.72%.

Insider Activity

In other news, Senior Officer Kelly Holtby purchased 2,010 shares of the stock in a transaction on Monday, December 30th. The shares were acquired at an average price of C$24.85 per share, for a total transaction of C$49,948.50. Also, Director Curtis Philippon acquired 40,000 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were purchased at an average cost of C$25.46 per share, for a total transaction of C$1,018,400.00. 0.85% of the stock is owned by company insiders.

Gibson Energy Company Profile

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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.

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Analyst Recommendations for Gibson Energy (TSE:GEI)

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