Shares of Gibson Energy Inc. (TSE:GEI) have been assigned an average rating of “Buy” from the thirteen brokerages that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$25.71.

Several research firms have recently weighed in on GEI. Royal Bank of Canada boosted their target price on shares of Gibson Energy from C$24.00 to C$25.00 in a research report on Thursday, August 8th. Raymond James set a C$25.00 target price on shares of Gibson Energy and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Industrial Alliance Securities boosted their target price on shares of Gibson Energy from C$26.00 to C$27.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Canaccord Genuity boosted their target price on shares of Gibson Energy from C$25.00 to C$26.00 in a research report on Tuesday, July 9th. Finally, JPMorgan Chase & Co. raised shares of Gibson Energy from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from C$26.00 to C$27.00 in a research report on Monday, June 17th.

Gibson Energy stock traded down C$0.26 during midday trading on Wednesday, hitting C$22.23. 295,200 shares of the stock were exchanged, compared to its average volume of 370,213. Gibson Energy has a 1 year low of C$16.90 and a 1 year high of C$24.43. The firm has a market cap of $3.23 billion and a P/E ratio of 27.55. The company has a debt-to-equity ratio of 183.15, a current ratio of 1.30 and a quick ratio of 0.89. The company has a 50 day moving average price of C$23.06 and a two-hundred day moving average price of C$23.04.

Gibson Energy (TSE:GEI) last released its earnings results on Tuesday, August 6th. The company reported C$0.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.14 by C$0.10. The company had revenue of C$1.93 billion during the quarter. As a group, analysts predict that Gibson Energy will post 1.0599999 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 17th. Stockholders of record on Monday, September 30th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 5.94%. The ex-dividend date of this dividend is Friday, September 27th. Gibson Energy’s dividend payout ratio (DPR) is presently 163.57%.

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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