Gibson Energy Inc. Grabs a “Hold” Rating from Industry Experts

Gibson Energy Inc. Grabs a "Hold" Rating from Industry Experts

Gibson Energy (TSX:GEI) has received a “Hold” recommendation from sixteen ratings firms covering the company, with one analyst rating the stock as a sell, seven suggesting to hold, and two advising to buy. The average 12-month target price for the stock is C$25.39. The company’s shares opened at C$22.08, showing a 0.8% increase, and it has a market capitalization of C$3.14 billion. Gibson Energy also increased its quarterly dividend from $0.37 to $0.39, with a payout ratio of 104.00%.

Overview of Analyst Ratings

Several analysts have reported on Gibson Energy recently. Barclays set a price objective of C$25.00 with an “underweight” rating, while Stifel Nicolaus set a C$25.50 price objective with a “hold” rating, and Stifel Firstegy reaffirmed the “hold” rating on the company’s shares. National Bankshares increased Gibson Energy’s target price from C$24.00 to C$25.00, rating the stock as “sector perform,” while Canaccord Genuity Group lowered the target price from C$26.00 to C$24.00. The company has a P/E ratio of 14.72 and a beta of 1.35, with a quick ratio of 0.87 and a current ratio of 1.20. Gibson Energy’s 50-day moving average price stands at C$22.93, while its 200-day moving average price is C$23.32.

GEI:CA Ratings by Stock Target Advisor

Gibson Energy Inc. Stock Forecast

According to 14 analysts, the average target price for Gibson Energy Inc. stock over the next year is CAD 24.87, and the average analyst rating is “Hold”. Stock Target Advisor’s analysis of the stock indicates a slightly bullish sentiment, with 11 positive signals and 7 negative signals. The current stock price for Gibson Energy Inc. at the last close was CAD 22.08. Over the past week, the stock price has increased by 0.82%, but over the past month and last year, it has decreased by 6.84% and 11.75%, respectively.

GEI:CA Ratings by Stock Target Advisor

Enterprise summary

Gibson Energy Inc. is a North American company that specializes in liquids infrastructure. The company operates through two main segments: Infrastructure and Marketing. The Infrastructure segment manages a range of assets including oil terminals, gathering pipelines, rail loading and unloading facilities, and a crude oil processing facility. The Marketing segment buys, sells, stores, and optimizes various hydrocarbon products, such as crude oil, natural gas liquids, and asphalt. The company was originally named Gibson Energy Holdings ULC, but changed its name to Gibson Energy Inc. in 2011. It was founded in 1950 and is headquartered in Calgary, Canada.

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