Gibson Energy Inc. (TSE:GEI) shares hit a new 52-week high on Friday . The company traded as high as C$20.61 and last traded at C$20.50, with a volume of 291223 shares. The stock had previously closed at C$19.74.

A number of analysts have commented on GEI shares. TD Securities boosted their target price on Gibson Energy from C$18.00 to C$19.50 in a research report on Friday, August 10th. National Bank Financial boosted their target price on Gibson Energy from C$19.00 to C$21.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 9th. Desjardins boosted their target price on Gibson Energy from C$21.00 to C$22.00 in a research report on Friday, August 10th. GMP Securities boosted their target price on Gibson Energy from C$19.50 to C$22.25 in a research report on Friday, August 10th. Finally, BMO Capital Markets boosted their target price on Gibson Energy from C$19.00 to C$20.00 in a research report on Thursday, August 9th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and an average target price of C$20.66.

Gibson Energy (TSE:GEI) last posted its earnings results on Wednesday, August 8th. The company reported C$0.10 EPS for the quarter, hitting the Zacks’ consensus estimate of C$0.10. The company had revenue of C$1.76 billion for the quarter, compared to the consensus estimate of C$1.64 billion. Gibson Energy had a negative return on equity of 3.20% and a negative net margin of 0.61%.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 17th. Shareholders of record on Friday, September 28th will be given a dividend of $0.33 per share. The ex-dividend date is Thursday, September 27th. This represents a $1.32 dividend on an annualized basis and a yield of 6.36%.

In related news, Director John Larry Festival acquired 9,000 shares of Gibson Energy stock in a transaction dated Tuesday, August 14th. The shares were acquired at an average cost of C$19.90 per share, for a total transaction of C$179,100.00. Also, insider Sean Brown acquired 10,527 shares of Gibson Energy stock in a transaction dated Tuesday, August 21st. The stock was bought at an average price of C$19.78 per share, for a total transaction of C$208,224.06.

Gibson Energy Company Profile (TSE:GEI)

Gibson Energy Inc, an integrated midstream company, engages in the movement, storage, optimization, processing, marketing, and distribution of crude oil, condensate, natural gas liquids (NGLs), water, oilfield waste, and refined products in North America. It operates through four segments: Infrastructure, Logistics, Wholesale, and Other.

Further Reading: Understanding Analyst Recommendations

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