Brokerages Set Gibson Energy Inc. (TSE:GEI) Price Target at C$25.85

Gibson Energy Inc. (TSE:GEIGet Free Report) has been assigned an average recommendation of “Moderate Buy” from the twelve analysts that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$25.85.

Several research analysts recently issued reports on GEI shares. Royal Bank of Canada cut their target price on Gibson Energy from C$28.00 to C$26.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. TD Securities raised Gibson Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 24th. Scotiabank cut their target price on Gibson Energy from C$27.00 to C$26.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. National Bankshares lowered Gibson Energy from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from C$29.00 to C$24.00 in a report on Wednesday, February 19th. Finally, Raymond James dropped their price target 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.

Read Our Latest Stock Analysis on GEI

Gibson Energy Stock Down 1.4%

Shares of TSE:GEI opened at C$24.40 on Friday. The stock has a market cap of C$3.98 billion, a price-to-earnings ratio of 18.82, a PEG ratio of 1.85 and a beta of 1.25. The company has a quick ratio of 0.87, a current ratio of 0.70 and a debt-to-equity ratio of 278.33. Gibson Energy has a 12-month low of C$19.63 and a 12-month high of C$26.10. The business’s 50 day moving average is C$22.36 and its 200 day moving average is C$23.13.

Gibson Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Monday, June 30th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 7.05%. Gibson Energy’s payout ratio is presently 126.47%.

Insider Buying and Selling at Gibson Energy

In other news, Director Curtis Philippon bought 15,000 shares of the stock in a transaction on Tuesday, May 13th. The shares were purchased at an average cost of C$22.26 per share, for a total transaction of C$333,900.00. Also, Senior Officer David Bruce Gosse bought 2,255 shares of the stock in a transaction on Monday, June 9th. The stock was purchased at an average price of C$23.50 per share, for a total transaction of C$52,992.50. Insiders have bought a total of 19,460 shares of company stock worth $436,982 over the last ninety days. 0.85% of the stock is currently 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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