Gibson Energy Inc. (TSE:GEI) Receives C$25.77 Consensus Price Target from Analysts

Gibson Energy Inc. (TSE:GEI) has been assigned a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Four research 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 1-year price target among brokerages that have covered the stock in the last year is C$25.77.

Several equities research analysts recently weighed in on the stock. Royal Bank of Canada reduced their target price on shares of Gibson Energy from C$28.00 to C$26.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Raymond James decreased their price objective on Gibson Energy from C$30.50 to C$29.50 and set a “strong-buy” rating on the stock in a report on Thursday, February 20th. National Bank Financial lowered Gibson Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 19th. CIBC decreased 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 research note on Thursday. Finally, Scotiabank cut their price target on shares of Gibson Energy from C$27.00 to C$26.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th.

Gibson Energy Price Performance

TSE:GEI opened at C$22.04 on Friday. 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$3.60 billion, a P/E ratio of 17.00, a PEG ratio of 1.85 and a beta of 1.25. The company has a fifty day moving average price of C$21.58 and a 200 day moving average price of C$23.26. Gibson Energy has a one year low of C$19.63 and a one year high of C$26.10.

Gibson Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Thursday, April 17th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 7.80%. This is a positive change from Gibson Energy’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Monday, March 31st. Gibson Energy’s dividend payout ratio is presently 126.47%.

Insider Activity at Gibson Energy

In other Gibson Energy news, Senior Officer Riley Hicks purchased 8,900 shares of the stock in a transaction dated Friday, February 21st. The stock was bought at an average price of C$21.10 per share, for a total transaction of C$187,790.00. Also, Director Curtis Philippon acquired 25,000 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was acquired at an average price of C$21.20 per share, for a total transaction of C$530,000.00. 0.85% of the stock is currently owned by company insiders.

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.