Gibson Energy Inc. (GEI) PT Lowered to C$19.50 at Canaccord Genuity
Several other equities analysts have also recently weighed in on the stock. 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. Raymond James Financial, Inc. cut their price target on Gibson Energy from C$22.00 to C$21.00 and set an outperform rating for the company in a report on Friday, November 10th. CIBC cut their price target on Gibson Energy from C$19.00 to C$18.00 in a report on Monday, July 24th. TD Securities cut their price target on Gibson Energy from C$19.50 to C$18.50 and set a hold rating for the company in a report on Thursday, August 3rd. Finally, National Bank Financial dropped 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 report on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of C$18.88.
Shares of Gibson Energy (TSE GEI) opened at C$16.15 on Monday. Gibson Energy has a 52-week low of C$15.92 and a 52-week high of C$20.31.
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The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 17th. Investors of record on Friday, December 29th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 8.17%. The ex-dividend date of this dividend is Thursday, December 28th. Gibson Energy’s dividend payout ratio is currently -244.44%.
In related news, Director Sean William Duffee sold 5,000 shares of Gibson Energy stock in a transaction that occurred 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 ninety days, insiders sold 27,781 shares of company stock worth $88,500.
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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