Analysts Set Gibson Energy Inc. (TSE:GEI) PT at C$26.00

Gibson Energy Inc. (TSE:GEI) has earned a consensus recommendation of “Buy” from the ten research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is C$26.00.

A number of brokerages have weighed in on GEI. National Bankshares increased their price target on Gibson Energy from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a report on Friday, August 23rd. Raymond James set a C$28.50 target price on Gibson Energy and gave the stock a “strong-buy” rating in a report on Friday, October 11th. Royal Bank of Canada boosted their price target on Gibson Energy from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research note on Thursday, October 3rd. JPMorgan Chase & Co. reduced their price objective on shares of Gibson Energy from C$27.00 to C$26.00 in a research report on Wednesday, October 2nd. Finally, BMO Capital Markets lifted their price objective on shares of Gibson Energy from C$25.00 to C$25.50 in a research note on Thursday, September 5th.

Gibson Energy Trading Down 0.2 %

GEI opened at C$23.57 on Tuesday. The stock has a market cap of C$3.84 billion, a PE ratio of 22.27, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 292.01. Gibson Energy has a twelve month low of C$19.42 and a twelve month high of C$24.33. The company has a fifty day moving average of C$23.08 and a 200-day moving average of C$22.68.

Gibson Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 6.96%. The ex-dividend date of this dividend is Tuesday, December 31st. Gibson Energy’s dividend payout ratio is currently 154.72%.

Insider Buying and Selling

In other news, Director Curtis Philippon acquired 23,000 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were purchased at an average cost of C$22.03 per share, with a total value of C$506,690.00. 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.