Gibson Energy Inc. (TSE:GEI) had its price target decreased by CIBC from C$19.00 to C$16.00 in a research report released on Monday. CIBC currently has an underperform rating on the stock.

Several other research analysts also recently commented on GEI. BMO Capital Markets reduced their price objective on Gibson Energy from C$20.00 to C$18.00 in a report on Wednesday, July 19th. TD Securities reduced their price objective on Gibson Energy from C$19.50 to C$18.50 and set a hold rating on the stock in a report on Thursday, August 3rd. National Bank Financial reduced their price objective on Gibson Energy from C$19.00 to C$18.00 and set a sector perform rating on the stock in a report on Thursday, November 9th. Raymond James Financial, Inc. reduced their price objective on Gibson Energy from C$22.00 to C$21.00 and set an outperform rating on the stock in a report on Friday. Finally, Scotiabank reduced their price objective on Gibson Energy from C$19.00 to C$18.00 and set a sector perform rating on the stock in a report on Friday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of C$18.88.

Gibson Energy (GEI) traded down C$0.05 on Monday, reaching C$16.35. The company’s stock had a trading volume of 514,291 shares, compared to its average volume of 247,492. Gibson Energy has a one year low of C$15.57 and a one year high of C$20.31.

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The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 17th. Stockholders of record on Friday, December 29th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 8.07%. Gibson Energy’s dividend payout ratio is presently -244.44%.

In other news, Director Sean William Duffee sold 5,000 shares of Gibson Energy 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 worth $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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