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

Shares of Gibson Energy Inc. (TSE:GEI) have been given a consensus rating of “Moderate Buy” by the fourteen analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$25.46.

A number of analysts have commented on the stock. Jefferies Financial Group set a C$25.00 price target on shares of Gibson Energy and gave the company a “buy” rating in a research report on Tuesday, February 27th. CIBC upped their price target on shares of Gibson Energy from C$26.00 to C$27.00 and gave the company an “outperform” rating in a research report on Monday, January 8th. National Bankshares upped their price target 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, JPMorgan Chase & Co. increased their price objective on shares of Gibson Energy from C$25.00 to C$26.00 in a research report on Monday, April 15th.

Gibson Energy Stock Performance

Shares of Gibson Energy stock opened at C$22.71 on Monday. The company has a quick ratio of 0.87, a current ratio of 1.12 and a debt-to-equity ratio of 303.96. The stock has a market cap of C$3.67 billion, a price-to-earnings ratio of 16.11, a P/E/G ratio of 1.85 and a beta of 1.29. The company’s fifty day moving average is C$22.46 and its 200 day moving average is C$21.29. Gibson Energy has a twelve month low of C$18.45 and a twelve month high of C$23.40.

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

Gibson Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Thursday, March 28th were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 7.22%. The ex-dividend date of this dividend was Wednesday, March 27th. This is a positive change from Gibson Energy’s previous quarterly dividend of $0.39. Gibson Energy’s dividend payout ratio is currently 116.31%.

Insider Buying and Selling

In related news, Director Steven R. Spaulding sold 55,823 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of C$22.72, for a total value of C$1,268,298.56. In other Gibson Energy news, Director Steven R. Spaulding sold 55,823 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of C$22.72, for a total value of C$1,268,298.56. Also, Senior Officer Sean Brown sold 35,000 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of C$19.97, for a total transaction of C$698,950.00. 0.81% of the stock is currently owned by company insiders.

About Gibson Energy

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.