Gibson Energy Inc. (TSE:GEI) had its price target cut by Scotiabank from C$19.00 to C$18.00 in a research note published on Friday. They currently have a sector perform rating on the stock.

GEI has been the subject of a number of other research reports. CIBC boosted their price objective on Gibson Energy from C$18.00 to C$19.00 and gave the company a neutral rating in a report on Tuesday, September 12th. BMO Capital Markets dropped their price objective on Gibson Energy from C$20.00 to C$18.00 in a report on Wednesday, July 19th. TD Securities dropped their price objective on Gibson Energy from C$19.50 to C$18.50 and set a hold rating for the company in a report on Thursday, August 3rd. National Bank Financial dropped their price objective on Gibson Energy from C$19.00 to C$18.00 and set a sector perform rating for the company in a report on Thursday. Finally, Raymond James Financial, Inc. dropped their price objective on Gibson Energy from C$22.00 to C$21.00 and set an outperform rating for the company in a report on Friday. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of C$19.50.

Gibson Energy (GEI) opened at C$16.40 on Friday. Gibson Energy has a 1-year low of C$15.57 and a 1-year high of C$20.31.

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The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 17th. Shareholders of record on Friday, December 29th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 8.05%. The ex-dividend date of this dividend is Thursday, December 28th. Gibson Energy’s dividend payout ratio is -244.44%.

In other Gibson Energy news, Director Sean William Duffee sold 5,000 shares of the company’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of C$17.70, for a total value of C$88,500.00. Insiders sold a total of 27,781 shares of company stock valued at $88,500 over the last quarter.

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.

Analyst Recommendations for Gibson Energy (TSE:GEI)

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