Gibson Energy Inc. (TSE:GEI) has been given a consensus rating of “Buy” by the thirteen brokerages that are presently covering the firm, reports. Four research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is C$26.23.

Several equities analysts recently issued reports on the company. CIBC upgraded Gibson Energy from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from C$25.00 to C$26.00 in a research report on Tuesday, November 5th. Raymond James reaffirmed an “outperform” rating and issued a C$25.00 price target on shares of Gibson Energy in a research note on Tuesday, November 5th. CSFB reiterated a “neutral” rating on shares of Gibson Energy in a report on Tuesday, November 5th. BMO Capital Markets upped their price target on shares of Gibson Energy from C$26.00 to C$28.00 in a report on Monday, September 9th. Finally, Canaccord Genuity increased their price objective on shares of Gibson Energy from C$26.00 to C$28.00 in a research report on Wednesday, November 6th.

Shares of TSE GEI traded up C$0.29 during mid-day trading on Thursday, reaching C$25.01. 217,661 shares of the company’s stock were exchanged, compared to its average volume of 387,596. The firm has a market capitalization of $3.63 billion and a price-to-earnings ratio of 22.23. The company has a current ratio of 1.07, a quick ratio of 0.90 and a debt-to-equity ratio of 209.24. The business has a fifty day simple moving average of C$24.03 and a 200 day simple moving average of C$23.34. Gibson Energy has a twelve month low of C$16.90 and a twelve month high of C$26.01.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 5.28%. The ex-dividend date is Monday, December 30th. Gibson Energy’s payout ratio is 118.39%.

Gibson Energy Company Profile

Gibson Energy Inc engages in the gathering, storage, optimization, processing, and marketing of crude oil and refined products in North America. It operates through Infrastructure and Wholesale segments. The Infrastructure segment operates a network of infrastructure assets that include oil terminals, rail loading and unloading facilities, injection stations, gathering pipelines, and a crude oil processing facility, as well as procession, recovery, and disposal terminals.

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Analyst Recommendations for Gibson Energy (TSE:GEI)

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