Gibson Energy Inc. (TSE:GEI) Shares Set to Pay Quarterly Dividend of $0.45

Key Points

• Gibson Energy declared a quarterly dividend of C$0.45 per share, equivalent to C$1.80 annually and a 5.8% yield. The ex-dividend date is September 29, with payment scheduled for October 16 to shareholders of record.
• GEI shares opened at C$30.93, near the midpoint of their C$22.09–C$32.99 12-month range. Gibson reported quarterly revenue of C$4.83 billion and earnings of C$0.48 per share.
• Analyst sentiment remains favorable, with an average “Moderate Buy” rating and a consensus price target of C$32.80; several firms recently raised their targets.

Gibson Energy Inc. (TSE:GEI - Get Free Report) announced a quarterly dividend on Tuesday, September 29th. Stockholders of record on Friday, October 16th will be given a dividend of $0.45 per share on Friday, October 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend is Tuesday, September 29th.

Gibson Energy Price Performance

GEI opened at C$30.93 on Tuesday. The firm has a market capitalization of C$5.34 billion, a P/E ratio of 30.93, a PEG ratio of 1.85 and a beta of -0.00. The stock has a fifty day moving average of C$31.37 and a 200-day moving average of C$29.96. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 294.95. Gibson Energy has a 12-month low of C$22.09 and a 12-month high of C$32.99.

Gibson Energy (TSE:GEI - Get Free Report) last issued its quarterly earnings results on Monday, July 27th. The company reported C$0.48 earnings per share for the quarter. Gibson Energy had a return on equity of 18.23% and a net margin of 1.32%.The business had revenue of C$4.83 billion for the quarter.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. ATB Cormark Capital Markets boosted their price objective on shares of Gibson Energy from C$32.00 to C$34.00 and gave the company an "outperform" rating in a research report on Wednesday, July 29th. TD raised their price objective on shares of Gibson Energy from C$34.00 to C$35.00 and gave the company a "buy" rating in a research report on Tuesday, September 1st. Jefferies Financial Group cut shares of Gibson Energy from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. upped their price objective on shares of Gibson Energy from C$29.00 to C$30.00 in a report on Thursday, July 30th. Finally, Royal Bank Of Canada raised their price objective on Gibson Energy from C$30.00 to C$33.00 and gave the company an "outperform" rating in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of C$32.80.

Gibson Energy Company Profile

Gibson is a leading liquids Infrastructure company with its principal businesses consisting of the storage, optimization, processing, and gathering of liquids and refined products, as well as waterborne vessel loading. Headquartered in Calgary, Alberta, the Company's operations are located across North America, with core terminal assets in Hardisty and Edmonton, Alberta, Ingleside and Wink, Texas, and a facility in Moose Jaw, Saskatchewan. Gibson shares trade under the symbol GEI and are listed on the Toronto Stock Exchange.

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