Gibson Energy Inc. (TSE:GEI) declared a quarterly dividend on Wednesday, November 8th, Zacks reports. Investors of record on Friday, December 29th will be given a dividend of 0.33 per share on Wednesday, January 17th. This represents a $1.32 dividend on an annualized basis and a yield of 7.30%. The ex-dividend date is Thursday, December 28th.
Gibson Energy (TSE GEI) traded up C$0.09 on Friday, reaching C$18.09. The company had a trading volume of 173,700 shares, compared to its average volume of 292,335. Gibson Energy has a one year low of C$15.92 and a one year high of C$20.31. The stock has a market cap of $2,590.00, a PE ratio of -33.50 and a beta of 0.59.
In related news, Director James Estey acquired 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was purchased at an average cost of C$16.80 per share, for a total transaction of C$168,000.00.
Several brokerages have weighed in on GEI. GMP Securities upped their target price on Gibson Energy from C$20.75 to C$21.00 in a report on Wednesday, December 6th. Canaccord Genuity lowered their target price on Gibson Energy from C$20.00 to C$19.50 in a report on Monday, November 13th. Desjardins lowered their target price on Gibson Energy from C$22.00 to C$20.00 in a report on Monday, November 13th. TD Securities lowered their target price on Gibson Energy from C$18.50 to C$17.50 and set a “hold” rating for the company in a report on Friday, November 10th. Finally, CIBC upped their target price on Gibson Energy from C$18.00 to C$19.00 and gave the stock a “neutral” rating in a report on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of C$18.90.
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Gibson Energy Company Profile
Gibson Energy Inc is a Canada-based integrated service provider to the oil and gas industry with operations across producing regions throughout North America. The Company is engaged in the movement, storage, blending, processing, marketing and distribution of crude oil, condensate, natural gas liquids (NGLs), water, oilfield waste and refined products.
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