Gibson Energy Inc. (TSE:GEI) Receives Average Recommendation of “Moderate Buy” from Brokerages

Gibson Energy Inc. (TSE:GEI) has received an average rating of “Moderate Buy” from the ten research firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, five have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$27.88.

A number of brokerages have weighed in on GEI. TD upgraded Gibson Energy from a “hold” rating to a “buy” rating and upped their target price for the stock from C$29.00 to C$32.00 in a research note on Tuesday. TD Securities upgraded Gibson Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday.

Gibson Energy Stock Performance

Shares of GEI opened at C$28.45 on Friday. The company has a debt-to-equity ratio of 281.88, a current ratio of 1.17 and a quick ratio of 0.87. Gibson Energy has a 1 year low of C$22.09 and a 1 year high of C$30.50. The firm has a market cap of C$4.91 billion, a PE ratio of 31.97, a PEG ratio of 1.85 and a beta of 0.21. The stock’s fifty day moving average price is C$28.84 and its two-hundred day moving average price is C$27.36.

Gibson Energy (TSE:GEI) last released its quarterly earnings data on Monday, May 4th. The company reported C($0.01) earnings per share (EPS) for the quarter. Gibson Energy had a net margin of 1.37% and a return on equity of 16.60%. The company had revenue of C$2.75 billion for the quarter.

Gibson Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 17th. Stockholders of record on Friday, April 17th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date was Monday, March 30th. Gibson Energy’s dividend payout ratio is presently 195.51%.

About Gibson Energy

Gibson is a leading liquids Infrastructure company with its principal businesses consisting of the storage, optimization, processing, and gathering of liquids and refined products, as well as waterborne vessel loading. Headquartered in Calgary, Alberta, the Company’s operations are located across North America, with core terminal assets in Hardisty and Edmonton, Alberta, Ingleside and Wink, Texas, and a facility in Moose Jaw, Saskatchewan. Gibson shares trade under the symbol GEI and are listed on the Toronto Stock Exchange.