Brokerages Set Gibson Energy Inc. (TSE:GEI) Target Price at C$25.86

Shares of Gibson Energy Inc. (TSE:GEI) have been assigned an average recommendation of “Moderate Buy” from the thirteen analysts that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$25.86.

Several analysts have recently commented on the company. National Bank Financial lowered Gibson Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 19th. Royal Bank of Canada lowered their price target on Gibson Energy from C$28.00 to C$26.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. ATB Capital cut their price objective on shares of Gibson Energy from C$28.00 to C$26.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Raymond James lowered their target price on shares of Gibson Energy from C$30.50 to C$29.50 and set a “strong-buy” rating for the company in a research note on Thursday, February 20th. Finally, Jefferies Financial Group cut their price target on shares of Gibson Energy from C$26.00 to C$23.00 and set a “hold” rating on the stock in a research note on Thursday, February 20th.

Gibson Energy Trading Down 4.2 %

TSE GEI opened at C$20.94 on Monday. Gibson Energy has a 52 week low of C$20.60 and a 52 week high of C$26.10. The company has a 50 day moving average price of C$22.64 and a 200 day moving average price of C$23.41. The company has a quick ratio of 0.87, a current ratio of 0.70 and a debt-to-equity ratio of 278.33. The firm has a market cap of C$3.42 billion, a PE ratio of 16.15, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25.

Gibson Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Thursday, April 17th will be given a dividend of $0.43 per share. This is an increase from Gibson Energy’s previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a yield of 8.21%. The ex-dividend date of this dividend is Monday, March 31st. Gibson Energy’s dividend payout ratio (DPR) is currently 126.47%.

Insider Buying and Selling at Gibson Energy

In other Gibson Energy news, Director Curtis Philippon bought 25,000 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were purchased at an average cost of C$21.20 per share, for a total transaction of C$530,000.00. Also, Senior Officer Riley Hicks purchased 8,900 shares of Gibson Energy stock in a transaction that occurred on Friday, February 21st. The stock was acquired at an average cost of C$21.10 per share, with a total value of C$187,790.00. Company insiders own 0.85% of the company’s stock.

Gibson Energy Company Profile

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.