Gibson Energy Inc. (TSE:GEI) Given Average Recommendation of “Hold” by Brokerages

Shares of Gibson Energy Inc. (TSE:GEI) have earned an average rating of “Hold” from the twelve brokerages that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$26.23.

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group raised Gibson Energy from a “hold” rating to a “buy” rating and boosted their target price for the company from C$23.00 to C$28.00 in a research note on Wednesday, July 23rd. Royal Bank Of Canada boosted their target price on Gibson Energy from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Wells Fargo & Company boosted their target price on Gibson Energy from C$23.00 to C$24.00 in a research note on Wednesday, July 30th. Scotiabank lowered Gibson Energy from an “outperform” rating to a “hold” rating and lowered their target price for the company from C$27.00 to C$25.00 in a research note on Monday. Finally, National Bankshares boosted their target price on Gibson Energy from C$24.00 to C$25.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 30th.

Gibson Energy Trading Up 0.2%

TSE GEI opened at C$24.11 on Friday. Gibson Energy has a 1-year low of C$19.63 and a 1-year high of C$27.37. The company has a current ratio of 0.70, a quick ratio of 0.87 and a debt-to-equity ratio of 278.33. The stock has a 50-day moving average of C$25.64 and a 200-day moving average of C$24.10. The firm has a market cap of C$3.95 billion, a PE ratio of 24.86, a price-to-earnings-growth ratio of 1.85 and a beta of 0.27.

Gibson Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Tuesday, September 30th were given a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 7.1%. Gibson Energy’s payout ratio is 173.20%.

Insider Buying and Selling

In other Gibson Energy news, Director Maria Hooper purchased 5,000 shares of the stock in a transaction on Monday, August 18th. The stock was acquired at an average price of C$25.72 per share, with a total value of C$128,600.00. Following the transaction, the director directly owned 5,000 shares of the company’s stock, valued at approximately C$128,600. This trade represents a ? increase in their position. 0.85% of the stock is owned by insiders.

About Gibson Energy

Gibson Energy Inc is an oil infrastructure company that collects, stores, and processes crude oil and refined products. Reportable segments include marketing, which deals with buying, selling, and optimizing products such as crude oil, natural gas liquid, road asphalt, and oil-based mud product; and infrastructure, which makes up a system of oil terminals, rail loading facilities, pipelines, and an oil processing facility.