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

Shares of Gibson Energy Inc. (TSE:GEI) have been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$32.80.

GEI has been the topic of a number of analyst reports. BMO Capital Markets upped their target price on Gibson Energy from C$29.00 to C$32.00 in a research note on Tuesday, July 28th. TD Securities raised Gibson Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 26th. Raymond James Financial boosted their price objective on Gibson Energy from C$35.00 to C$36.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Scotiabank upped their price objective on Gibson Energy from C$29.00 to C$31.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 21st. Finally, National Bank Financial increased their target price on Gibson Energy from C$33.00 to C$34.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th.

Gibson Energy Stock Down 0.9%

Shares of GEI stock opened at C$30.68 on Monday. The company’s fifty day simple moving average is C$31.14 and its two-hundred day simple moving average is C$29.82. Gibson Energy has a 52 week low of C$22.09 and a 52 week high of C$32.99. The stock has a market cap of C$5.30 billion, a P/E ratio of 30.68, a PEG ratio of 1.85 and a beta of -0.00. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 294.95.

Gibson Energy (TSE:GEI) last posted its earnings results on Monday, July 27th. The company reported C$0.48 earnings per share for the quarter. The firm had revenue of C$4.83 billion for the quarter. Gibson Energy had a net margin of 1.32% and a return on equity of 18.23%.

Gibson Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Friday, July 17th were paid a dividend of $0.45 per share. The ex-dividend date was Monday, June 29th. This represents a $1.80 annualized dividend and a dividend yield of 5.9%. Gibson Energy’s dividend payout ratio (DPR) is currently 176.00%.

Gibson Energy Company Profile

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.