Gibson Energy Inc. (GEI) Given New C$20.00 Price Target at Desjardins
GEI has been the topic of several other research reports. TD Securities cut their price target on Gibson Energy from C$19.50 to C$18.50 and set a hold rating on the stock in a research note on Thursday, August 3rd. BMO Capital Markets cut their price target on 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 on the stock in a research note on Friday, November 10th. Scotiabank cut their price target on Gibson Energy from C$19.00 to C$18.00 and set a sector perform rating on the stock in a research note on Friday, November 10th. Finally, CIBC upped their price target on Gibson Energy from C$18.00 to C$19.00 and gave the stock a neutral rating in a research note on Tuesday, September 12th. One investment 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. The stock presently has a consensus rating of Hold and an average target price of C$18.88.
Shares of Gibson Energy (TSE:GEI) opened at C$16.33 on Monday. Gibson Energy has a 52 week low of C$15.92 and a 52 week high of C$20.31.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 17th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.32 annualized dividend and a yield of 8.08%. Gibson Energy’s dividend payout ratio is -244.44%.
In other news, Director Sean William Duffee sold 5,000 shares of the stock in a transaction on Monday, September 18th. The stock was sold at an average price of C$17.70, for a total transaction of C$88,500.00. Insiders have sold a total of 27,781 shares of company stock worth $88,500 over the last three months.
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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