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

Shares of Gibson Energy Inc. (TSE:GEI) have earned an average rating of “Moderate Buy” from the nine brokerages that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$28.00.

GEI has been the topic of a number of recent research reports. TD Securities upgraded Gibson Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 26th. TD upgraded Gibson Energy from a “hold” rating to a “buy” rating and raised their target price for the company from C$29.00 to C$32.00 in a report on Tuesday, May 26th. Finally, National Bank Financial raised their price target on Gibson Energy from C$30.00 to C$33.00 and gave the stock an “outperform” rating in a report on Monday, June 1st.

Gibson Energy Stock Up 1.8%

GEI stock opened at C$29.99 on Wednesday. Gibson Energy has a twelve month low of C$22.09 and a twelve month high of C$30.50. The company has a quick ratio of 0.87, a current ratio of 1.17 and a debt-to-equity ratio of 281.88. The stock’s 50 day moving average is C$28.72 and its 200-day moving average is C$27.93. The firm has a market capitalization of C$5.17 billion, a PE ratio of 33.70, a P/E/G ratio of 1.85 and a beta of 0.11.

Gibson Energy (TSE:GEI) last posted its earnings results on Monday, May 4th. The company reported C($0.01) earnings per share for the quarter. Gibson Energy had a net margin of 1.37% and a return on equity of 16.60%. The company had revenue of C$2.75 billion during the quarter.

Gibson Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Friday, July 17th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend is Monday, June 29th. Gibson Energy’s dividend payout ratio (DPR) is presently 195.51%.

Gibson Energy Company Profile

Gibson is a leading liquids Infrastructure company with its principal businesses consisting of the storage, optimization, processing, and gathering of liquids and refined products, as well as waterborne vessel loading. Headquartered in Calgary, Alberta, the Company’s operations are located across North America, with core terminal assets in Hardisty and Edmonton, Alberta, Ingleside and Wink, Texas, and a facility in Moose Jaw, Saskatchewan. Gibson shares trade under the symbol GEI and are listed on the Toronto Stock Exchange.