Gibson Energy Inc. (TSE:GEI) Receives C$25.27 Average Target Price from Analysts

Gibson Energy Inc. (TSE:GEI) has received an average rating of “Moderate Buy” from the fourteen brokerages that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is C$25.35.

A number of analysts recently issued reports on GEI shares. Jefferies Financial Group set a C$25.00 price objective on Gibson Energy and gave the company a “buy” rating in a research note on Tuesday, February 27th. JPMorgan Chase & Co. raised their price objective on shares of Gibson Energy from C$25.00 to C$26.00 in a research report on Monday. CIBC upped their target price 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. Finally, National Bankshares increased their target price on shares of Gibson Energy from C$24.00 to C$25.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 30th.

Insider Buying and Selling

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

Gibson Energy Trading Down 1.2 %

TSE:GEI opened at C$22.33 on Monday. The firm has a 50-day moving average price of C$22.38 and a two-hundred day moving average price of C$21.22. The company has a debt-to-equity ratio of 303.96, a quick ratio of 0.87 and a current ratio of 1.12. Gibson Energy has a 52 week low of C$18.45 and a 52 week high of C$23.40. The firm has a market cap of C$3.61 billion, a price-to-earnings ratio of 15.84, a price-to-earnings-growth ratio of 1.85 and a beta of 1.29.

Gibson Energy (TSE:GEI) last released its quarterly earnings data on Tuesday, February 20th. The company reported C$0.32 EPS for the quarter, missing the consensus estimate of C$0.40 by C($0.08). The business had revenue of C$2.81 billion for the quarter, compared to analysts’ expectations of C$3.33 billion. Gibson Energy had a net margin of 1.95% and a return on equity of 28.84%. On average, equities analysts expect that Gibson Energy will post 1.5894955 earnings per share for the current fiscal year.

Gibson Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Stockholders of record on Thursday, March 28th were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 7.34%. This is an increase from Gibson Energy’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Wednesday, March 27th. Gibson Energy’s dividend payout ratio is presently 116.31%.

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.