Gibson Energy Inc. (GEI.TO) – What Are Brokerages Thinking About This Stock?

Shares of Gibson Energy Inc. (TSE:GEI) have received an average recommendation of “Moderate Buy” from the nine research firms that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$33.10.

Several equities research analysts have recently commented on GEI shares. BMO Capital Markets boosted their target price on shares of Gibson Energy from C$29.00 to C$32.00 in a research note on Tuesday, July 28th. Scotiabank increased their target price on shares of Gibson Energy from C$29.00 to C$31.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 21st. National Bank Financial lifted their price target on shares of Gibson Energy from C$33.00 to C$34.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Jefferies Financial Group downgraded shares of Gibson Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Finally, TD boosted their price target on shares of Gibson Energy from C$34.00 to C$35.00 and gave the company a “buy” rating in a research report on Tuesday, September 1st.

Gibson Energy Price Performance

Shares of GEI stock opened at C$33.39 on Tuesday. The stock’s fifty day simple moving average is C$31.94 and its 200 day simple moving average is C$29.88. Gibson Energy has a one year low of C$22.09 and a one year high of C$34.20. The firm has a market cap of C$5.76 billion, a price-to-earnings ratio of 33.39, a P/E/G ratio of 1.85 and a beta of -0.03. The company has a debt-to-equity ratio of 294.95, a current ratio of 1.07 and a quick ratio of 0.87.

Gibson Energy (TSE:GEI) last released its quarterly earnings data on Monday, November 2nd. The company reported C$0.45 earnings per share (EPS) for the quarter. The firm had revenue of C$3.69 billion during the quarter. Gibson Energy had a return on equity of 18.23% and a net margin of 1.32%.

Gibson Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Friday, October 16th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $1.80 annualized dividend and a dividend yield of 5.4%. Gibson Energy’s dividend payout ratio (DPR) is presently 176.00%.

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.