Shares of Gibson Energy Inc. (TSE:GEI – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the ten ratings firms that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$26.90.
Several research firms recently weighed in on GEI. Wells Fargo & Company cut shares of Gibson Energy from an “overweight” rating to an “equal weight” rating in a report on Wednesday, December 18th. Raymond James upped their target price on Gibson Energy from C$28.50 to C$30.00 in a report on Thursday, December 5th. Scotiabank lifted their price target on Gibson Energy from C$25.00 to C$26.00 in a report on Thursday, December 5th. CIBC upped their price objective on Gibson Energy from C$27.00 to C$29.00 in a research note on Thursday, December 5th. Finally, Jefferies Financial Group lifted their target price on Gibson Energy from C$25.00 to C$26.00 in a research note on Thursday, December 5th.
Check Out Our Latest Report on Gibson Energy
Gibson Energy Price Performance
Gibson Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Tuesday, December 31st were paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 6.34%. The ex-dividend date was Tuesday, December 31st. Gibson Energy’s payout ratio is currently 154.72%.
Insider Activity
In other news, Senior Officer Kelly Holtby purchased 2,010 shares of the stock in a transaction on 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 the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were purchased at an average cost of C$25.46 per share, for a total transaction of C$1,018,400.00. 0.85% of the stock is owned by company insiders.
Gibson Energy Company Profile
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.
Featured Articles
- Five stocks we like better than Gibson Energy
- How to Most Effectively Use the MarketBeat Earnings Screener
- Earn High Dividends With 2 Top REITs Set to Perform in 2025
- 2 Fintech Stocks to Buy Now and 1 to Avoid
- Oilfield Leader SLB: An AI Name You Need to Know
- Do ETFs Pay Dividends? What You Need to Know
- Top ETFs That Beat the Market in 2024 and Could Do It Again
Receive News & Ratings for Gibson Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gibson Energy and related companies with MarketBeat.com's FREE daily email newsletter.