Gibson Energy Inc. (GEI) Price Target Increased to C$19.00 by Analysts at CIBC

Gibson Energy Inc. (TSE:GEI) had its target price boosted by CIBC from C$18.00 to C$19.00 in a research report released on Tuesday morning. CIBC currently has a neutral rating on the stock.

Several other brokerages also recently commented on GEI. TD Securities lowered their price objective on shares of Gibson Energy from C$19.50 to C$18.50 and set a hold rating for the company in a research note on Thursday, August 3rd. AltaCorp Capital downgraded shares of Gibson Energy from an outperform rating to a sector perform rating in a research note on Monday, June 26th. Finally, BMO Capital Markets decreased their price target on shares of Gibson Energy from C$20.00 to C$18.00 in a research note on Wednesday, July 19th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of C$19.78.

Gibson Energy (GEI) opened at 18.10 on Tuesday. The company has a market capitalization of $2.58 billion and a price-to-earnings ratio of 37.09. The stock has a 50 day moving average price of $16.77 and a 200 day moving average price of $17.96. Gibson Energy has a 52-week low of $15.57 and a 52-week high of $20.31.

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The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 17th. Investors of record on Friday, September 29th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 7.29%. The ex-dividend date is Thursday, September 28th.

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.

Analyst Recommendations for Gibson Energy (TSE:GEI)

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