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

Shares of Gibson Energy Inc. (TSE:GEI) have received an average recommendation of “Moderate Buy” from the nine research firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$28.60.

GEI has been the subject of a number of research analyst reports. Scotiabank lifted their target price on Gibson Energy from C$29.00 to C$31.00 and gave the company a “sector perform” rating in a research report on Tuesday. TD upgraded Gibson Energy from a “hold” rating to a “buy” rating and raised their price target for the company from C$29.00 to C$32.00 in a research note on Tuesday, May 26th. Jefferies Financial Group downgraded Gibson Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday. National Bank Financial increased their target price on shares of Gibson Energy from C$30.00 to C$33.00 and gave the stock an “outperform” rating in a report on Monday, June 1st. Finally, TD Securities raised shares of Gibson Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 26th.

Gibson Energy Stock Up 0.7%

Shares of GEI opened at C$30.93 on Friday. The firm has a fifty day moving average price of C$29.54 and a 200-day moving average price of C$28.61. The company has a current ratio of 1.17, a quick ratio of 0.87 and a debt-to-equity ratio of 281.88. The firm has a market capitalization of C$5.33 billion, a P/E ratio of 34.75, a P/E/G ratio of 1.85 and a beta of 0.11. Gibson Energy has a 12-month low of C$22.09 and a 12-month high of C$31.23.

Gibson Energy (TSE:GEI) last posted its quarterly earnings results on Monday, May 4th. The company reported C($0.01) EPS for the quarter. Gibson Energy had a return on equity of 16.60% and a net margin of 1.37%.The company had revenue of C$2.75 billion during the quarter.

Gibson Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Friday, July 17th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 5.8%. The ex-dividend date of this dividend was Monday, June 29th. Gibson Energy’s dividend payout ratio (DPR) is 195.51%.

Gibson Energy Company Profile

Gibson is a leading liquids Infrastructure company with its principal businesses consisting of the storage, optimization, processing, and gathering of liquids and refined products, as well as waterborne vessel loading. Headquartered in Calgary, Alberta, the Company’s operations are located across North America, with core terminal assets in Hardisty and Edmonton, Alberta, Ingleside and Wink, Texas, and a facility in Moose Jaw, Saskatchewan. Gibson shares trade under the symbol GEI and are listed on the Toronto Stock Exchange.