Analysts Set Gibson Energy Inc. (TSE:GEI) Price Target at C$25.85

Shares of Gibson Energy Inc. (TSE:GEI) have earned an average rating of “Moderate Buy” from the twelve research firms that are currently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is C$25.85.

A number of brokerages have recently issued reports on GEI. CIBC lowered their price objective on Gibson Energy from C$27.00 to C$26.00 and set an “outperform” rating for the company in a research report on Thursday, April 24th. National Bank Financial cut Gibson Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Jefferies Financial Group decreased their target price on Gibson Energy from C$26.00 to C$23.00 and set a “hold” rating for the company in a research note on Thursday, February 20th. Royal Bank of Canada decreased their target price on Gibson Energy from C$28.00 to C$26.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Finally, ATB Capital decreased their target price on Gibson Energy from C$28.00 to C$26.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th.

Gibson Energy Price Performance

Shares of GEI opened at C$24.40 on Friday. Gibson Energy has a 1 year low of C$19.63 and a 1 year high of C$26.10. The company has a debt-to-equity ratio of 278.33, a current ratio of 0.70 and a quick ratio of 0.87. The company has a market capitalization of C$3.98 billion, a price-to-earnings ratio of 18.82, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25. The business has a 50-day moving average of C$22.36 and a 200-day moving average of C$23.13.

Gibson Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Monday, June 30th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 7.05%. Gibson Energy’s dividend payout ratio (DPR) is presently 126.47%.

Insider Buying and Selling at Gibson Energy

In other news, Director Curtis Philippon acquired 15,000 shares of Gibson Energy stock in a transaction on Tuesday, May 13th. The stock was purchased at an average price of C$22.26 per share, with a total value of C$333,900.00. Also, Senior Officer David Bruce Gosse acquired 2,205 shares of Gibson Energy stock in a transaction on Monday, May 26th. The stock was purchased at an average cost of C$22.72 per share, with a total value of C$50,089.66. Over the last quarter, insiders bought 19,460 shares of company stock valued at $436,982. Company insiders own 0.85% of the company’s stock.

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.