Gibson Energy (TSE:GEI) had its price objective lifted by Canaccord Genuity from C$22.00 to C$23.00 in a research note released on Tuesday morning.

A number of other equities research analysts have also recently weighed in on the stock. National Bank Financial upgraded shares of Gibson Energy from a sector perform rating to an outperform rating and lifted their price target for the company from C$21.00 to C$23.00 in a research report on Friday, September 21st. BMO Capital Markets lifted their price target on shares of Gibson Energy from C$20.00 to C$21.00 in a research report on Tuesday, September 11th. Royal Bank of Canada lifted their price objective on shares of Gibson Energy from C$20.00 to C$22.00 and gave the company a sector perform rating in a report on Friday, August 10th. Desjardins lifted their price objective on shares of Gibson Energy from C$21.00 to C$22.00 in a report on Friday, August 10th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Gibson Energy from C$20.00 to C$23.00 in a report on Thursday, September 27th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of C$22.48.

Shares of GEI opened at C$22.89 on Tuesday. Gibson Energy has a 1-year low of C$15.68 and a 1-year high of C$23.00.

Gibson Energy (TSE:GEI) last announced its quarterly earnings results on Wednesday, August 8th. The company reported C$0.10 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.10. Gibson Energy had a negative net margin of 0.61% and a negative return on equity of 3.20%. The business had revenue of C$1.76 billion during the quarter, compared to analysts’ expectations of C$1.64 billion.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 17th. Investors of record on Friday, September 28th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.77%. The ex-dividend date of this dividend was Thursday, September 27th.

In other Gibson Energy news, insider Sean Brown acquired 10,527 shares of the company’s stock in a transaction that occurred on Tuesday, August 21st. The stock was purchased at an average price of C$19.78 per share, for a total transaction of C$208,224.06. Also, Director John Larry Festival acquired 9,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 14th. The stock was acquired at an average price of C$19.90 per share, with a total value of C$179,100.00.

Gibson Energy Company Profile

Gibson Energy Inc, an integrated midstream company, engages in the movement, storage, optimization, processing, marketing, and distribution of crude oil, condensate, natural gas liquids (NGLs), water, oilfield waste, and refined products in North America. It operates through four segments: Infrastructure, Logistics, Wholesale, and Other.

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Analyst Recommendations for Gibson Energy (TSE:GEI)

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