AltaCorp Capital Downgrades Gibson Energy Inc. (GEI) to Sector Perform
Gibson Energy Inc. (TSE:GEI) was downgraded by analysts at AltaCorp Capital from an “outperform” rating to a “sector perform” rating in a note issued to investors on Monday, June 26th.
A number of other equities research analysts have also recently commented on the stock. TD Securities decreased their target price on shares of Gibson Energy from C$20.00 to C$19.50 and set a “hold” rating for the company in a research report on Wednesday, May 10th. CIBC decreased their target price on shares of Gibson Energy from C$20.00 to C$19.00 in a research report on Wednesday, May 10th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Gibson Energy in a research report on Tuesday, May 9th. Canaccord Genuity increased their target price on shares of Gibson Energy from C$21.50 to C$22.00 in a research report on Thursday, March 9th. Finally, Scotiabank reissued a “sector perform” rating and set a C$18.50 target price on shares of Gibson Energy in a research report on Wednesday, March 8th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of C$19.85.
Shares of Gibson Energy (GEI) opened at 16.96 on Monday. The company’s 50 day moving average is $17.91 and its 200 day moving average is $18.76. The company’s market cap is $2.42 billion. Gibson Energy has a 12 month low of $13.95 and a 12 month high of $20.31.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Shareholders of record on Monday, July 17th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $1.32 dividend on an annualized basis and a yield of 7.78%.
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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.
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