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

Gibson Energy Inc. (TSE:GEI) has received a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$25.56.

GEI has been the subject of a number of research analyst reports. National Bankshares upped their price target on shares of Gibson Energy from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Friday, August 23rd. BMO Capital Markets upped their price target on shares of Gibson Energy from C$25.00 to C$25.50 in a research note on Thursday, September 5th. Finally, JPMorgan Chase & Co. upped their price target on shares of Gibson Energy from C$26.00 to C$27.00 and gave the stock an “overweight” rating in a research note on Friday, June 28th.

Gibson Energy Price Performance

Shares of TSE:GEI opened at C$22.23 on Thursday. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 292.01. Gibson Energy has a fifty-two week low of C$18.45 and a fifty-two week high of C$23.64. The firm has a 50-day simple moving average of C$22.10 and a 200 day simple moving average of C$22.57. The company has a market cap of C$3.61 billion, a PE ratio of 20.97, a P/E/G ratio of 1.85 and a beta of 1.25.

Gibson Energy (TSE:GEI) last posted its earnings results on Monday, July 29th. The company reported C$0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.36 by C$0.02. The firm had revenue of C$3.23 billion during the quarter. Gibson Energy had a net margin of 1.42% and a return on equity of 23.48%. On average, sell-side analysts anticipate that Gibson Energy will post 1.6846096 EPS for the current year.

Gibson Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Monday, September 30th will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 7.38%. The ex-dividend date of this dividend is Friday, September 27th. Gibson Energy’s dividend payout ratio is currently 154.72%.

Insider Activity at Gibson Energy

In related news, Director Margaret Cahill Montana bought 3,400 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was bought at an average cost of C$21.52 per share, with a total value of C$73,168.00. In other news, Director Curtis Philippon acquired 23,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The stock was purchased at an average price of C$22.03 per share, for a total transaction of C$506,690.00. Also, Director Margaret Cahill Montana acquired 3,400 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were purchased at an average price of C$21.52 per share, with a total value of C$73,168.00. 0.85% of the stock is currently owned by insiders.

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.