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

Gibson Energy Inc. (TSE:GEI) has received a consensus rating of “Moderate Buy” from the thirteen analysts that are currently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$25.86.

GEI has been the topic of a number of research reports. Scotiabank reduced their price target on shares of Gibson Energy from C$27.00 to C$26.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Royal Bank of Canada reduced their target price on Gibson Energy from C$28.00 to C$26.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Raymond James dropped their price target on Gibson Energy from C$30.50 to C$29.50 and set a “strong-buy” rating for the company in a research note on Thursday, February 20th. TD Securities raised Gibson Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 24th. Finally, Jefferies Financial Group dropped their price objective on shares of Gibson Energy from C$26.00 to C$23.00 and set a “hold” rating for the company in a research note on Thursday, February 20th.

Insider Activity

In other news, Senior Officer Riley Hicks bought 8,900 shares of the stock in a transaction on Friday, February 21st. The stock was acquired at an average cost of C$21.10 per share, for a total transaction of C$187,790.00. Also, Director Curtis Philippon purchased 25,000 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were purchased at an average cost of C$21.20 per share, for a total transaction of C$530,000.00. Insiders own 0.85% of the company’s stock.

Gibson Energy Trading Down 4.2 %

Gibson Energy stock opened at C$20.94 on Monday. Gibson Energy has a 1 year low of C$20.60 and a 1 year high of C$26.10. The firm’s 50 day moving average price is C$22.64 and its 200-day moving average price is C$23.41. The company has a debt-to-equity ratio of 278.33, a current ratio of 0.70 and a quick ratio of 0.87. The stock has a market cap of C$3.42 billion, a P/E ratio of 16.15, a PEG ratio of 1.85 and a beta of 1.25.

Gibson Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Thursday, April 17th will be paid a $0.43 dividend. This is a positive change from Gibson Energy’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.72 dividend on an annualized basis and a yield of 8.21%. Gibson Energy’s dividend payout ratio (DPR) is presently 126.47%.

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.