Gibson Energy Inc. (TSE:GEI) Declares $0.33 Quarterly Dividend …

Gibson Energy Inc. (TSE:GEI) declared a quarterly dividend on Monday, November 4th, Zacks reports. Stockholders of record on Tuesday, December 31st will be given a dividend of 0.33 per share on Friday, January 17th. This represents a $1.32 annualized dividend and a dividend yield of 4.99%. The ex-dividend date of this dividend is Monday, December 30th.

Shares of Gibson Energy stock opened at C$26.44 on Friday. Gibson Energy has a one year low of C$19.01 and a one year high of C$27.68. The stock’s fifty day moving average is C$26.15 and its 200 day moving average is C$24.01. The stock has a market cap of $3.85 billion and a P/E ratio of 23.71. The company has a debt-to-equity ratio of 209.24, a quick ratio of 0.90 and a current ratio of 1.07.

Gibson Energy (TSE:GEI) last announced its earnings results on Monday, November 4th. The company reported C$0.30 EPS for the quarter, topping the Zacks’ consensus estimate of C$0.21 by C$0.09. The company had revenue of C$1.99 billion during the quarter. Analysts predict that Gibson Energy will post 1.0800001 EPS for the current year.

A number of research analysts have recently weighed in on the company. TD Securities raised their price objective on Gibson Energy from C$24.00 to C$25.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. National Bank Financial lifted their price target on Gibson Energy from C$28.00 to C$29.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. Royal Bank of Canada upgraded Gibson Energy from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from C$27.00 to C$31.00 in a research report on Wednesday, December 4th. CSFB reiterated a “neutral” rating on shares of Gibson Energy in a research report on Tuesday, November 5th. Finally, Canaccord Genuity lifted their price target on Gibson Energy from C$28.00 to C$30.00 in a research report on Tuesday, December 10th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Gibson Energy presently has an average rating of “Buy” and an average price target of C$27.23.

Gibson Energy Company Profile

Gibson Energy Inc engages in the gathering, storage, optimization, processing, and marketing of crude oil and refined products in North America. It operates through Infrastructure and Wholesale segments. The Infrastructure segment operates a network of infrastructure assets that include oil terminals, rail loading and unloading facilities, injection stations, gathering pipelines, and a crude oil processing facility, as well as procession, recovery, and disposal terminals.

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Dividend History for Gibson Energy (TSE:GEI)

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