Gibson Energy Inc. (TSE:GEI) to Issue Quarterly Dividend of $0.33
Gibson Energy Inc. (TSE:GEI) declared a quarterly dividend on Wednesday, August 2nd, Zacks reports. Investors of record on Friday, September 29th will be paid a dividend of 0.33 per share on Tuesday, October 17th. This represents a $1.32 annualized dividend and a yield of 8.16%. The ex-dividend date is Thursday, September 28th.
Gibson Energy (TSE GEI) opened at 16.18 on Monday. Gibson Energy has a one year low of $15.57 and a one year high of $20.31. The company has a 50-day moving average of $16.59 and a 200 day moving average of $18.24. The firm has a market capitalization of $2.31 billion and a price-to-earnings ratio of 33.16.
A number of equities research analysts have weighed in on GEI shares. AltaCorp Capital lowered shares of Gibson Energy from an “outperform” rating to a “sector perform” rating in a report on Monday, June 26th. CIBC reduced their target price on shares of Gibson Energy from C$20.00 to C$19.00 in a report on Wednesday, May 10th. BMO Capital Markets reduced their target price on shares of Gibson Energy from C$20.00 to C$18.00 in a report on Wednesday, July 19th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Gibson Energy in a report on Tuesday, May 9th. Finally, TD Securities dropped their price target on shares of Gibson Energy from C$19.50 to C$18.50 and set a “hold” rating on the stock in a research report on Thursday, August 3rd. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of C$19.70.
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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