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

Gibson Energy Inc. (TSE:GEI) has earned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is C$28.00.

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

Gibson Energy Stock Performance

TSE:GEI opened at C$28.73 on Wednesday. Gibson Energy has a twelve month low of C$22.09 and a twelve month high of C$30.50. The company has a current ratio of 1.17, a quick ratio of 0.87 and a debt-to-equity ratio of 281.88. The company has a 50-day moving average of C$28.92 and a 200-day moving average of C$28.07. The firm has a market cap of C$4.96 billion, a price-to-earnings ratio of 32.28, a price-to-earnings-growth ratio of 1.85 and a beta of 0.11.

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

Gibson Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Friday, July 17th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 6.3%. The ex-dividend date is Monday, June 29th. Gibson Energy’s dividend payout ratio (DPR) is presently 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.