CIBC Increases Gibson Energy (GEI) Price Target to C$17.50
Several other equities research analysts have also issued reports on GEI. Desjardins dropped their price objective on shares of Gibson Energy from C$22.00 to C$20.00 in a research report on Monday, November 13th. GMP Securities dropped their price objective on shares of Gibson Energy from C$21.00 to C$20.75 in a research report on Monday, November 13th. Canaccord Genuity dropped their price objective on shares of Gibson Energy from C$20.00 to C$19.50 in a research report on Monday, November 13th. National Bank Financial dropped their price objective on shares of Gibson Energy from C$19.00 to C$18.00 and set a sector perform rating for the company in a research report on Thursday, November 9th. Finally, TD Securities dropped their price objective on shares of Gibson Energy from C$18.50 to C$17.50 and set a hold rating for the company in a research report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. Gibson Energy presently has a consensus rating of Hold and a consensus price target of C$19.05.
Gibson Energy (TSE GEI) traded up C$0.03 during trading on Thursday, hitting C$19.00. 141,250 shares of the stock traded hands, compared to its average volume of 242,186. Gibson Energy has a 52 week low of C$15.92 and a 52 week high of C$20.31. The firm has a market capitalization of $2,710.00, a price-to-earnings ratio of -35.19 and a beta of 0.59.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 17th. Stockholders of record on Friday, December 29th will be paid a $0.33 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.32 annualized dividend and a dividend yield of 6.95%. Gibson Energy’s dividend payout ratio (DPR) is presently -244.44%.
In other news, Director James Estey bought 10,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was acquired at an average cost of C$16.80 per share, for a total transaction of C$168,000.00.
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About Gibson Energy
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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