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

Shares of Gibson Energy Inc. (TSE:GEI) have been assigned an average rating of “Moderate Buy” from the fourteen analysts that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$25.27.

A number of equities analysts have weighed in on the stock. Jefferies Financial Group set a C$25.00 price target on shares of Gibson Energy and gave the company a “buy” rating in a report on Tuesday, February 27th. CIBC lifted their price target on shares of Gibson Energy from C$26.00 to C$27.00 and gave the company an “outperform” rating in a report on Monday, January 8th. National Bankshares lifted their price target on shares of Gibson Energy from C$24.00 to C$25.00 and gave the company an “outperform” rating in a report on Tuesday, January 30th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Gibson Energy from C$26.00 to C$25.00 and set an “overweight” rating on the stock in a report on Wednesday, January 17th.

Insider Buying and Selling

In related news, Director Steven R. Spaulding sold 55,823 shares of Gibson Energy stock in a transaction on Friday, March 15th. The shares were sold at an average price of C$22.72, for a total transaction of C$1,268,298.56. In other Gibson Energy news, Director Steven R. Spaulding sold 55,823 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of C$22.72, for a total value of C$1,268,298.56. Also, Senior Officer Sean Brown sold 35,000 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of C$19.97, for a total transaction of C$698,950.00. 0.81% of the stock is currently owned by insiders.

Gibson Energy Stock Up 0.1 %

Shares of TSE GEI opened at C$22.93 on Monday. Gibson Energy has a 1 year low of C$18.45 and a 1 year high of C$23.40. The firm’s 50 day moving average price is C$22.26 and its 200 day moving average price is C$21.16. The firm has a market cap of C$3.71 billion, a P/E ratio of 16.26, a price-to-earnings-growth ratio of 1.85 and a beta of 1.29. The company has a debt-to-equity ratio of 303.96, a quick ratio of 0.87 and a current ratio of 1.12.

Gibson Energy (TSE:GEI) last announced its quarterly earnings results on Tuesday, February 20th. The company reported C$0.32 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.40 by C($0.08). The company had revenue of C$2.81 billion during the quarter, compared to analyst estimates of C$3.33 billion. Gibson Energy had a net margin of 1.95% and a return on equity of 28.84%. As a group, sell-side analysts anticipate that Gibson Energy will post 1.5894955 earnings per share for the current year.

Gibson Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 17th. Investors of record on Thursday, March 28th will be issued a dividend of $0.41 per share. This is a positive change from Gibson Energy’s previous quarterly dividend of $0.39. The ex-dividend date is Wednesday, March 27th. This represents a $1.64 annualized dividend and a dividend yield of 7.15%. Gibson Energy’s payout ratio is presently 116.31%.

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.