Gibson Energy Inc. (TSE:GEI) Declares $0.43 Quarterly Dividend

Gibson Energy Inc. (TSE:GEI) announced a quarterly dividend on Monday, May 5th, RTT News reports. Stockholders of record on Monday, June 30th will be given a dividend of 0.43 per share on Thursday, July 17th. This represents a $1.72 annualized dividend and a dividend yield of 7.80%.

Gibson Energy Trading Up 2.4 %

GEI opened at C$22.06 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 0.70 and a debt-to-equity ratio of 278.33. The stock’s fifty day moving average is C$21.63 and its two-hundred day moving average is C$23.18. The company has a market capitalization of C$3.60 billion, a P/E ratio of 17.01, a PEG ratio of 1.85 and a beta of 1.25. Gibson Energy has a 52 week low of C$19.63 and a 52 week high of C$26.10.

Insider Transactions at Gibson Energy

In other Gibson Energy news, Senior Officer Riley Hicks acquired 8,900 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were purchased at an average price of C$21.10 per share, for a total transaction of C$187,790.00. Also, Director Curtis Philippon bought 25,000 shares of Gibson Energy stock in a transaction that occurred on Friday, February 21st. The shares were acquired at an average cost of C$21.20 per share, with a total value of C$530,000.00. Insiders own 0.85% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on GEI shares. National Bankshares downgraded Gibson Energy from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from C$29.00 to C$24.00 in a report on Wednesday, February 19th. Jefferies Financial Group reduced their price objective on shares of Gibson Energy from C$26.00 to C$23.00 and set a “hold” rating for the company in a research note on Thursday, February 20th. CIBC reduced their target price on shares of Gibson Energy from C$27.00 to C$26.00 and set an “outperform” rating for the company in a report on Thursday, April 24th. National Bank Financial cut shares of Gibson Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 19th. Finally, TD Securities upgraded shares of Gibson Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 24th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Gibson Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of C$25.85.

About Gibson Energy

Gibson Energy Inc, together with its subsidiaries, engages in the gathering, storage, optimization, processing, and marketing of liquids and refined products in Canada and the United States. It operates through Infrastructure and Marketing segments. The Infrastructure segment operates a network of liquid infrastructure assets that include oil terminals, rail loading and unloading facilities, gathering pipelines, a crude oil processing facility, and other terminals.