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

Shares of Gibson Energy Inc. (TSE:GEI) have earned an average recommendation of “Moderate Buy” from the fifteen brokerages that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$25.63.

A number of analysts have recently weighed in on GEI shares. JPMorgan Chase & Co. raised their target price on Gibson Energy from C$25.00 to C$26.00 in a research note on Monday, April 15th. Jefferies Financial Group set a C$25.00 price target on shares of Gibson Energy and gave the company a “buy” rating in a research note on Tuesday, February 27th. National Bankshares boosted their price objective on shares of Gibson Energy from C$24.00 to C$25.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 30th. Scotiabank increased their price objective on Gibson Energy from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Finally, BMO Capital Markets lifted their target price on Gibson Energy from C$22.50 to C$25.00 and gave the company a “market perform” rating in a research note on Tuesday, April 30th.

Insider Activity at Gibson Energy

In other news, Director Khalid Muslih acquired 7,000 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was acquired at an average price of C$16.63 per share, for a total transaction of C$116,410.00. In other Gibson Energy news, Director Steven R. Spaulding sold 55,823 shares of Gibson Energy stock in a transaction dated Friday, March 15th. The stock was sold at an average price of C$22.72, for a total value of C$1,268,298.56. Also, Director Khalid Muslih acquired 7,000 shares of Gibson Energy stock in a transaction dated Tuesday, March 5th. The shares were purchased at an average cost of C$16.63 per share, with a total value of C$116,410.00. Corporate insiders own 0.81% of the company’s stock.

Gibson Energy Price Performance

Shares of Gibson Energy stock opened at C$22.51 on Friday. The firm has a market cap of C$3.64 billion, a P/E ratio of 15.96, 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 has a twelve month low of C$18.45 and a twelve month high of C$23.40. The firm’s 50-day simple moving average is C$22.77 and its 200-day simple moving average is C$21.50.

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). Gibson Energy had a net margin of 1.95% and a return on equity of 28.84%. The company had revenue of C$2.81 billion during the quarter, compared to the consensus estimate of C$3.33 billion. As a group, research analysts expect that Gibson Energy will post 1.5894955 EPS for the current fiscal year.

Gibson Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 17th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 7.29%. The ex-dividend date of this dividend is Thursday, June 27th. Gibson Energy’s dividend payout ratio (DPR) is currently 116.31%.

Gibson Energy Company Profile

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.