Gibson Energy Inc. (GEI) PT Lowered to C$18.00
Gibson Energy Inc. (TSE:GEI) had its price objective lowered by Scotiabank from C$19.00 to C$18.00 in a research note published on Friday morning. Scotiabank currently has a sector perform rating on the stock.
A number of other research firms also recently commented on GEI. CIBC increased their target price on Gibson Energy from C$18.00 to C$19.00 and gave the company a neutral rating in a research report on Tuesday, September 12th. TD Securities lowered their target price on Gibson Energy from C$19.50 to C$18.50 and set a hold rating for the company in a research report on Thursday, August 3rd. National Bank Financial lowered their target price on Gibson Energy from C$19.00 to C$18.00 and set a sector perform rating for the company in a research report on Thursday, November 9th. BMO Capital Markets lowered their target price on Gibson Energy from C$20.00 to C$18.00 in a research report on Wednesday, July 19th. Finally, Raymond James Financial, Inc. lowered their target price on Gibson Energy from C$22.00 to C$21.00 and set an outperform rating for the company in a research report on Friday. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. Gibson Energy presently has an average rating of Hold and an average price target of C$18.88.
Shares of Gibson Energy (GEI) opened at C$16.35 on Friday. Gibson Energy has a fifty-two week low of C$15.57 and a fifty-two week high of C$20.31.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 17th. Investors of record on Friday, December 29th will be given a $0.33 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.32 dividend on an annualized basis and a yield of 8.07%. Gibson Energy’s dividend payout ratio is presently -244.44%.
In related news, Director Sean William Duffee sold 5,000 shares of the firm’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of C$17.70, for a total value of C$88,500.00. Over the last 90 days, insiders sold 27,781 shares of company stock valued at $88,500.
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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