Gibson Energy Inc. (TSE:GEI) Plans $0.43 Quarterly Dividend

Gibson Energy Inc. (TSE:GEI - Get Free Report) declared a quarterly dividend on Monday, May 5th, RTT News reports. Stockholders of record on Monday, June 30th will be given a dividend of 0.43 per share on Thursday, July 17th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 7.81%.

Gibson Energy Stock Down 1.6 %

Gibson Energy stock traded down C$0.36 during mid-day trading on Friday, hitting C$22.01. The company had a trading volume of 484,103 shares, compared to its average volume of 830,846. The company has a quick ratio of 0.87, a current ratio of 0.70 and a debt-to-equity ratio of 278.33. Gibson Energy has a 1 year low of C$19.63 and a 1 year high of C$26.10. The business has a fifty day moving average of C$21.68 and a 200 day moving average of C$23.15. The stock has a market cap of C$3.59 billion, a price-to-earnings ratio of 16.97, a PEG ratio of 1.85 and a beta of 1.25.

Insider Transactions at Gibson Energy

In other Gibson Energy news, Senior Officer Riley Hicks acquired 8,900 shares of the business's stock in a transaction on Friday, February 21st. The stock was purchased at an average price of C$21.10 per share, for a total transaction of C$187,790.00. Also, Director Curtis Philippon bought 25,000 shares of the firm's stock in a transaction on Friday, February 21st. The shares were bought at an average price of C$21.20 per share, for a total transaction of C$530,000.00. Company insiders own 0.85% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on GEI. ATB Capital cut their price target on shares of Gibson Energy from C$28.00 to C$26.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. Jefferies Financial Group decreased their target price on Gibson Energy from C$26.00 to C$23.00 and set a "hold" rating for the company in a research report on Thursday, February 20th. Raymond James cut their price target on Gibson Energy from C$30.50 to C$29.50 and set a "strong-buy" rating on the stock in a research report on Thursday, February 20th. National Bankshares downgraded Gibson Energy from an "outperform" rating to a "sector perform" rating and decreased their price objective for the company from C$29.00 to C$24.00 in a report on Wednesday, February 19th. Finally, National Bank Financial cut shares of Gibson Energy from a "strong-buy" rating to a "hold" rating in a report on Wednesday, February 19th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Gibson Energy has a consensus rating of "Moderate Buy" and an average price target of C$25.85.

About Gibson Energy

Gibson Energy Inc, together with its subsidiaries, engages in the gathering, storage, optimization, processing, and marketing of liquids and refined products in Canada and the United States. It operates through Infrastructure and Marketing segments. The Infrastructure segment operates a network of liquid infrastructure assets that include oil terminals, rail loading and unloading facilities, gathering pipelines, a crude oil processing facility, and other terminals.