Brokerages Set Gibson Energy Inc. (TSE:GEI) PT at C$26.00

Shares of Gibson Energy Inc. (TSE:GEI) have been given a consensus rating of “Buy” by the ten brokerages that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$26.00.

A number of brokerages have recently issued reports on GEI. Raymond James set a C$28.50 price objective on shares of Gibson Energy and gave the company a “strong-buy” rating in a research note on Friday, October 11th. BMO Capital Markets raised their price target on shares of Gibson Energy from C$25.00 to C$25.50 in a research note on Thursday, September 5th. JPMorgan Chase & Co. decreased their price objective on Gibson Energy from C$27.00 to C$26.00 in a report on Wednesday, October 2nd. National Bankshares raised their target price on Gibson Energy from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Friday, August 23rd. Finally, Royal Bank of Canada upped their price target on Gibson Energy from C$27.00 to C$28.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd.

Insider Buying and Selling at Gibson Energy

In related news, Director Curtis Philippon bought 23,000 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was bought at an average cost of C$22.03 per share, for a total transaction of C$506,690.00. Insiders own 0.85% of the company’s stock.

Gibson Energy Stock Performance

Shares of TSE GEI opened at C$23.67 on Tuesday. The firm has a market capitalization of C$3.85 billion, a price-to-earnings ratio of 22.39, a PEG ratio of 1.85 and a beta of 1.25. Gibson Energy has a one year low of C$19.42 and a one year high of C$24.33. The business has a fifty day simple moving average of C$23.03 and a 200 day simple moving average of C$22.66. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 292.01.

Gibson Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be issued a $0.41 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.64 annualized dividend and a yield of 6.93%. Gibson Energy’s dividend payout ratio is currently 154.72%.

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.