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

Gibson Energy Inc. (TSE:GEI) has earned an average recommendation of “Moderate Buy” from the nine research firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$28.00.

Several equities analysts recently commented on GEI shares. TD raised shares of Gibson Energy from a “hold” rating to a “buy” rating and upped their price target for the stock from C$29.00 to C$32.00 in a research report on Tuesday, May 26th. National Bank Financial upped their price objective 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. Finally, TD Securities raised Gibson Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 26th.

Gibson Energy Stock Down 0.4%

GEI opened at C$30.80 on Friday. The company has a debt-to-equity ratio of 281.88, a current ratio of 1.17 and a quick ratio of 0.87. The stock has a market capitalization of C$5.31 billion, a price-to-earnings ratio of 34.61, a price-to-earnings-growth ratio of 1.85 and a beta of 0.11. The business has a 50-day moving average of C$29.35 and a two-hundred day moving average of C$28.43. Gibson Energy has a 12 month low of C$22.09 and a 12 month high of C$31.23.

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

Gibson Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Friday, July 17th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 5.8%. The ex-dividend date of this dividend was Monday, June 29th. Gibson Energy’s payout ratio is currently 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.