Gibson Energy Inc. (TSE:GEI) Receives C$26.00 Consensus PT from Brokerages

Gibson Energy Inc. (TSE:GEI) has received an average recommendation of “Buy” from the ten brokerages that are covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation, eight have given a buy recommendation and one has assigned 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 equities research analysts have issued reports on GEI shares. Royal Bank of Canada increased their price objective on shares of Gibson Energy from C$27.00 to C$28.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. BMO Capital Markets increased their price objective on shares of Gibson Energy from C$25.00 to C$25.50 in a report on Thursday, September 5th. JPMorgan Chase & Co. cut their price objective on shares of Gibson Energy from C$27.00 to C$26.00 in a report on Wednesday, October 2nd. Raymond James set a C$28.50 price objective on shares of Gibson Energy and gave the company a “strong-buy” rating in a report on Friday, October 11th. Finally, National Bankshares increased their price objective on shares of Gibson Energy from C$25.00 to C$26.00 and gave the company an “outperform” rating in a report on Friday, August 23rd.

Insider Buying and Selling

In related news, Director Curtis Philippon purchased 23,000 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was bought at an average cost of C$22.03 per share, for a total transaction of C$506,690.00. 0.85% of the stock is owned by corporate insiders.

Gibson Energy Trading Up 1.2 %

Gibson Energy stock opened at C$22.65 on Friday. The firm has a 50 day moving average of C$22.70 and a 200 day moving average of C$22.59. The firm has a market capitalization of C$3.69 billion, a price-to-earnings ratio of 21.37, a P/E/G ratio of 1.85 and a beta of 1.25. Gibson Energy has a 12-month low of C$19.42 and a 12-month high of C$24.33. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 292.01.

Gibson Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be given a $0.41 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.64 dividend on an annualized basis and a yield of 7.24%. Gibson Energy’s dividend payout ratio is presently 154.72%.

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.