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

Shares of Gibson Energy Inc. (TSE:GEI) have been assigned a consensus rating of “Moderate Buy” from the fourteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$25.46.

GEI has been the topic of several research reports. CIBC upped their price objective on shares of Gibson Energy from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a report on Monday, January 8th. National Bankshares upped 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 report on Tuesday, January 30th. Jefferies Financial Group set a C$25.00 price objective on shares of Gibson Energy and gave the stock a “buy” rating in a report on Tuesday, February 27th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Gibson Energy from C$25.00 to C$26.00 in a report on Monday, April 15th.

Gibson Energy Stock Up 1.2 %

Gibson Energy stock opened at C$22.71 on Monday. The company has a quick ratio of 0.87, a current ratio of 1.12 and a debt-to-equity ratio of 303.96. Gibson Energy has a 12-month low of C$18.45 and a 12-month high of C$23.40. The firm’s fifty day moving average is C$22.46 and its 200 day moving average is C$21.25. The company has a market capitalization of C$3.67 billion, a PE ratio of 16.11, a PEG ratio of 1.85 and a beta of 1.29.

Gibson Energy (TSE:GEI) last released its earnings results on Tuesday, February 20th. The company reported C$0.32 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of C$3.33 billion. As a group, sell-side analysts predict that Gibson Energy will post 1.5894955 EPS for the current fiscal year.

Gibson Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Thursday, March 28th were given a dividend of $0.41 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.64 annualized dividend and a yield of 7.22%. This is a positive change from Gibson Energy’s previous quarterly dividend of $0.39. Gibson Energy’s dividend payout ratio is presently 116.31%.

Insider Activity at Gibson Energy

In related news, Director Steven R. Spaulding sold 55,823 shares of the stock in a transaction dated 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 Khalid Muslih bought 7,000 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was purchased at an average price of C$16.63 per share, for a total transaction of C$116,410.00. Also, Director Steven R. Spaulding sold 55,823 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of C$22.72, for a total transaction of C$1,268,298.56. 0.81% of the stock is owned by company insiders.

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.