Gibson Energy (TSE:GEI) Given a C$25.00 Price Target at TD Securities

TD Securities set a C$25.00 price objective on Gibson Energy (TSE:GEI) in a report released on Wednesday morning,BayStreet.CA reports. The firm currently has a hold rating on the stock.

Several other research firms also recently weighed in on GEI. Jefferies Financial Group upped their price objective on shares of Gibson Energy from C$25.00 to C$26.00 in a report on Thursday, December 5th. CIBC upped their price target on shares of Gibson Energy from C$27.00 to C$29.00 in a research note on Thursday, December 5th. Wells Fargo & Company lowered shares of Gibson Energy from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, December 18th. JPMorgan Chase & Co. cut their target price on Gibson Energy from C$27.00 to C$26.00 in a research report on Wednesday, October 2nd. Finally, Raymond James increased their price target on Gibson Energy from C$28.50 to C$30.00 in a research note on Thursday, December 5th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$26.90.

Gibson Energy Stock Down 1.4 %

Shares of Gibson Energy stock opened at C$25.20 on Wednesday. The company has a debt-to-equity ratio of 292.01, a current ratio of 1.18 and a quick ratio of 0.87. Gibson Energy has a 1-year low of C$20.33 and a 1-year high of C$26.10. The business’s fifty day moving average price is C$24.14 and its two-hundred day moving average price is C$23.11. The company has a market capitalization of C$4.10 billion, a P/E ratio of 23.77, a PEG ratio of 1.85 and a beta of 1.25.

Gibson Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be paid a $0.41 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.64 dividend on an annualized basis and a yield of 6.51%. Gibson Energy’s dividend payout ratio is currently 154.72%.

Insider Buying and Selling at Gibson Energy

In other Gibson Energy news, Senior Officer Kelly Holtby purchased 2,010 shares of the stock in a transaction dated Monday, December 30th. The shares were acquired at an average price of C$24.85 per share, for a total transaction of C$49,948.50. Also, Director Curtis Philippon acquired 40,000 shares of Gibson Energy stock in a transaction that occurred on Monday, December 9th. The stock was acquired at an average cost of C$25.46 per share, with a total value of C$1,018,400.00. Insiders own 0.85% of the company’s stock.

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.