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

Shares of Gibson Energy Inc. (TSE:GEI) have earned an average recommendation of “Moderate Buy” from the ten research firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, five have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$28.21.

Several equities research analysts have weighed in on GEI shares. 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. TD upgraded shares of Gibson Energy from a “hold” rating to a “buy” rating and increased their target price for the stock from C$29.00 to C$32.00 in a report on Tuesday, May 26th. Finally, TD Securities upgraded shares of Gibson Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 26th.

Gibson Energy Trading Up 0.5%

Shares of TSE GEI opened at C$29.51 on Friday. The company’s 50 day simple moving average is C$28.77 and its 200 day simple moving average is C$27.55. Gibson Energy has a fifty-two week low of C$22.09 and a fifty-two week high of C$30.50. The firm has a market capitalization of C$5.09 billion, a P/E ratio of 33.16, a P/E/G ratio of 1.85 and a beta of 0.11. The company has a debt-to-equity ratio of 281.88, a current ratio of 1.17 and a quick ratio of 0.87.

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

Gibson Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 17th. Shareholders of record on Friday, April 17th were issued a $0.45 dividend. The ex-dividend date was Monday, March 30th. This represents a $1.80 annualized dividend and a yield of 6.1%. Gibson Energy’s dividend payout ratio (DPR) is 195.51%.

About Gibson Energy

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.