Brokerages Set Gibson Energy Inc. (TSE:GEI) Price Target at C$25.27

Shares of Gibson Energy Inc. (TSE:GEI) have received a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$25.35.

A number of analysts have recently issued reports on the stock. Jefferies Financial Group set a C$25.00 target price on shares of Gibson Energy and gave the company a “buy” rating in a research note on Tuesday, February 27th. JPMorgan Chase & Co. increased their price target on Gibson Energy from C$25.00 to C$26.00 in a research report on Monday. National Bankshares raised their target price on shares of Gibson Energy from C$24.00 to C$25.00 and gave the company an “outperform” rating in a research report on Tuesday, January 30th. Finally, CIBC lifted their price target on Gibson Energy from C$26.00 to C$27.00 and gave the company an “outperform” rating in a report on Monday, January 8th.

Insider Activity at Gibson Energy

In related news, Senior Officer Sean Brown sold 35,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of C$19.97, for a total value of C$698,950.00. In related news, Director Khalid Muslih bought 7,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were bought at an average price of C$16.63 per share, with a total value of C$116,410.00. Also, Senior Officer Sean Brown sold 35,000 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of C$19.97, for a total transaction of C$698,950.00. 0.81% of the stock is owned by corporate insiders.

Gibson Energy Price Performance

Shares of Gibson Energy stock opened at C$22.33 on Monday. The firm has a market cap of C$3.61 billion, a PE ratio of 15.84, a PEG ratio of 1.85 and a beta of 1.29. The stock has a 50 day moving average of C$22.38 and a 200 day moving average of C$21.22. The company has a current ratio of 1.12, a quick ratio of 0.87 and a debt-to-equity ratio of 303.96. Gibson Energy has a 12 month low of C$18.45 and a 12 month high of C$23.40.

Gibson Energy (TSE:GEI) last released its quarterly earnings results on Tuesday, February 20th. The company reported C$0.32 EPS for the quarter, missing the consensus estimate of C$0.40 by C($0.08). The company had revenue of C$2.81 billion during the quarter, compared to analysts’ expectations of C$3.33 billion. Gibson Energy had a return on equity of 28.84% and a net margin of 1.95%. On average, research analysts expect that Gibson Energy will post 1.5894955 EPS for the current fiscal year.

Gibson Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 17th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.41 per share. This is a positive change from Gibson Energy’s previous quarterly dividend of $0.39. This represents a $1.64 annualized dividend and a yield of 7.34%. The ex-dividend date was Wednesday, March 27th. Gibson Energy’s payout ratio is 116.31%.

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.