Gibson Energy Inc. (GEI) to Issue Quarterly Dividend of C$0.33
Gibson Energy Inc. (TSE:GEI) announced a quarterly dividend on Wednesday, September 28th. Shareholders of record on Monday, October 17th will be given a dividend of 0.33 per share on Monday, October 17th. This represents a $1.32 dividend on an annualized basis and a yield of 7.68%. The ex-dividend date of this dividend is Wednesday, September 28th.
GEI has been the topic of a number of recent analyst reports. Scotiabank reaffirmed a “sector perform” rating and issued a C$17.00 target price on shares of Gibson Energy in a report on Thursday, September 8th. Canaccord Genuity lifted their target price on Gibson Energy from C$17.50 to C$19.50 in a report on Wednesday, September 7th. BMO Capital Markets lifted their target price on Gibson Energy from C$17.00 to C$17.50 and gave the stock a “market perform” rating in a report on Wednesday, September 7th. Royal Bank Of Canada lifted their target price on Gibson Energy from C$17.00 to C$18.00 and gave the stock a “sector perform” rating in a report on Wednesday, September 7th. Finally, CIBC lifted their target price on Gibson Energy from C$16.00 to C$16.50 in a report on Wednesday, September 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of C$18.67.
Shares of Gibson Energy (TSE:GEI) traded down 0.29% on Friday, hitting $17.13. The company’s stock had a trading volume of 27,165 shares. The stock has a 50-day moving average price of $17.13 and a 200 day moving average price of $16.51. The firm’s market cap is $2.42 billion. Gibson Energy has a one year low of $11.46 and a one year high of $20.51.
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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