Gibson Energy Inc. (TSE:GEI) Given Average Rating of “Moderate Buy” by Analysts

Gibson Energy Inc. (TSE:GEI) has been assigned an average recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$25.50.

A number of brokerages recently commented on GEI. Scotiabank raised their target price on Gibson Energy from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. BMO Capital Markets raised their price target on Gibson Energy from C$22.50 to C$25.00 and gave the company a “market perform” rating in a report on Tuesday, April 30th. Stifel Nicolaus decreased their price target on Gibson Energy from C$26.00 to C$25.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Finally, JPMorgan Chase & Co. raised their price target on Gibson Energy from C$26.00 to C$27.00 and gave the company an “overweight” rating in a report on Friday, June 28th.

Gibson Energy Price Performance

Shares of Gibson Energy stock opened at C$22.69 on Wednesday. Gibson Energy has a one year low of C$18.45 and a one year high of C$23.64. The stock’s fifty day moving average is C$22.83 and its 200 day moving average is C$22.42. The stock has a market cap of C$3.69 billion, a P/E ratio of 21.61, a P/E/G ratio of 1.85 and a beta of 1.29. The company has a debt-to-equity ratio of 288.27, a quick ratio of 0.87 and a current ratio of 1.03.

Gibson Energy (TSE:GEI) last announced its earnings results on Monday, April 29th. The company reported C$0.25 EPS for the quarter, missing analysts’ consensus estimates of C$0.39 by C($0.14). Gibson Energy had a return on equity of 21.90% and a net margin of 1.39%. The company had revenue of C$3.29 billion during the quarter, compared to the consensus estimate of C$2.87 billion. Sell-side analysts anticipate that Gibson Energy will post 1.55517 earnings per share for the current year.

Gibson Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 17th. Stockholders of record on Wednesday, July 17th were issued a $0.41 dividend. The ex-dividend date was Friday, June 28th. This represents a $1.64 annualized dividend and a dividend yield of 7.23%. Gibson Energy’s dividend payout ratio (DPR) is 156.19%.

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.