Gibson Energy Inc. (TSE:GEI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Gibson Energy Inc. (TSE:GEI) has been given a consensus rating of “Moderate Buy” by the thirteen research firms that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$25.86.

Several equities research analysts have issued reports on GEI shares. National Bankshares downgraded Gibson Energy from an “outperform” rating to a “sector perform” rating and cut their price target for the company from C$29.00 to C$24.00 in a report on Wednesday, February 19th. ATB Capital dropped their price objective on Gibson Energy from C$28.00 to C$26.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Raymond James decreased their price objective on shares of Gibson Energy from C$30.50 to C$29.50 and set a “strong-buy” rating on the stock in a research note on Thursday, February 20th. National Bank Financial lowered Gibson Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Finally, Jefferies Financial Group dropped their target price on shares of Gibson Energy from C$26.00 to C$23.00 and set a “hold” rating for the company in a report on Thursday, February 20th.

Gibson Energy Stock Performance

Shares of GEI opened at C$20.94 on Monday. 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 firm has a 50-day moving average of C$22.64 and a 200-day moving average of C$23.39. The company has a market cap of C$3.42 billion, a PE ratio of 16.15, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25. Gibson Energy has a one year low of C$20.60 and a one year high of C$26.10.

Gibson Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Thursday, April 17th will be given a dividend of $0.43 per share. This is a positive change from Gibson Energy’s previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a yield of 8.21%. The ex-dividend date is Monday, March 31st. Gibson Energy’s dividend payout ratio (DPR) is currently 126.47%.

Insider Transactions at Gibson Energy

In related news, Director Curtis Philippon bought 25,000 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were acquired at an average cost of C$21.20 per share, with a total value of C$530,000.00. Also, Senior Officer Riley Hicks purchased 8,900 shares of Gibson Energy stock in a transaction on Friday, February 21st. The stock was bought at an average price of C$21.10 per share, with a total value of C$187,790.00. Corporate insiders own 0.85% of the company’s stock.

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.