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

Gibson Energy Inc. (TSE:GEI) has earned an average rating of “Moderate Buy” from the ten brokerages that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, five have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$27.88.

Several research firms have commented on GEI. TD upgraded Gibson Energy from a “hold” rating to a “buy” rating and increased their target price for the company from C$29.00 to C$32.00 in a research report on Tuesday. TD Securities upgraded Gibson Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday.

Gibson Energy Price Performance

GEI stock opened at C$28.45 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.17 and a debt-to-equity ratio of 281.88. Gibson Energy has a 12 month low of C$22.09 and a 12 month high of C$30.50. The firm has a market cap of C$4.91 billion, a P/E ratio of 31.97, a P/E/G ratio of 1.85 and a beta of 0.21. The company’s 50-day moving average price is C$28.84 and its two-hundred day moving average price is C$27.36.

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

Gibson Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 17th. Shareholders of record on Friday, April 17th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend was Monday, March 30th. Gibson Energy’s dividend payout ratio (DPR) is 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.