Analysts Set Gibson Energy Inc. (TSE:GEI) Target Price at C$27.50

Shares of Gibson Energy Inc. (TSE:GEI) have received a consensus recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$27.50.

GEI has been the subject of a number of analyst reports. Royal Bank Of Canada raised their price objective on Gibson Energy from C$26.00 to C$28.00 in a research report on Wednesday, December 3rd. National Bank Financial set a C$29.00 target price on Gibson Energy and gave the stock an “outperform” rating in a report on Wednesday, December 17th. TD Securities increased their target price on Gibson Energy from C$26.00 to C$29.00 and gave the stock a “hold” rating in a research note on Wednesday, February 18th. Canadian Imperial Bank of Commerce raised their price target on Gibson Energy from C$26.00 to C$30.00 in a report on Wednesday, December 3rd. Finally, BMO Capital Markets lifted their price target on Gibson Energy from C$25.00 to C$27.00 in a research report on Wednesday, December 3rd.

Gibson Energy Price Performance

GEI stock opened at C$29.64 on Monday. The company has a debt-to-equity ratio of 346.20, a quick ratio of 0.87 and a current ratio of 1.05. The firm has a 50 day moving average price of C$27.77 and a 200-day moving average price of C$26.07. Gibson Energy has a 52-week low of C$19.63 and a 52-week high of C$30.24. The firm has a market capitalization of C$5.10 billion, a price-to-earnings ratio of 24.70, a PEG ratio of 1.85 and a beta of 0.31.

Gibson Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 17th. Shareholders of record on Friday, April 17th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date is Monday, March 30th. Gibson Energy’s dividend payout ratio (DPR) is currently 143.33%.

About Gibson Energy

Gibson Energy Inc is an oil infrastructure company that collects, stores, and processes crude oil and refined products. Reportable segments include marketing, which deals with buying, selling, and optimizing products such as crude oil, natural gas liquid, road asphalt, and oil-based mud product; and infrastructure, which makes up a system of oil terminals, rail loading facilities, pipelines, and an oil processing facility. Gibson Energy Inc services Canada and the United States, and the majority of revenue comes from the marketing segment.