Gibson Energy Inc. (GEI) to Issue Quarterly Dividend of $0.43 on July 17th

Gibson Energy Inc. (TSE:GEI) declared a quarterly dividend on Monday, May 5th, RTT News reports. Investors of record on Monday, June 30th will be paid a dividend of 0.43 per share on Thursday, July 17th. This represents a $1.72 annualized dividend and a yield of 7.80%.

Gibson Energy Price Performance

Shares of Gibson Energy stock opened at C$22.06 on Wednesday. The company has a market capitalization of C$3.60 billion, a price-to-earnings ratio of 17.01, a PEG ratio of 1.85 and a beta of 1.25. The company has a quick ratio of 0.87, a current ratio of 0.70 and a debt-to-equity ratio of 278.33. The stock’s 50-day simple moving average is C$21.63 and its 200-day simple moving average is C$23.18. Gibson Energy has a 52 week low of C$19.63 and a 52 week high of C$26.10.

Insider Buying and Selling at Gibson Energy

In other news, Senior Officer Riley Hicks acquired 8,900 shares of the business’s stock in a transaction on Friday, February 21st. The shares were acquired at an average price of C$21.10 per share, for a total transaction of C$187,790.00. Also, Director Curtis Philippon bought 25,000 shares of the stock in a transaction dated Friday, February 21st. The stock was purchased at an average price of C$21.20 per share, with a total value of C$530,000.00. Company insiders own 0.85% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Royal Bank of Canada dropped their price target on Gibson Energy from C$28.00 to C$26.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Scotiabank dropped their target price on shares of Gibson Energy from C$27.00 to C$26.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. National Bankshares cut shares of Gibson Energy from an “outperform” rating to a “sector perform” rating and cut their target price for the company from C$29.00 to C$24.00 in a research note on Wednesday, February 19th. CIBC decreased their price target on shares of Gibson Energy from C$27.00 to C$26.00 and set an “outperform” rating on the stock in a research note on Thursday, April 24th. Finally, Raymond James cut their price objective on Gibson Energy from C$30.50 to C$29.50 and set a “strong-buy” rating for the company in a research report on Thursday, February 20th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Gibson Energy currently has an average rating of “Moderate Buy” and a consensus price target of C$25.85.

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.