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

Gibson Energy Inc. (TSE:GEI - Get Free Report) declared a quarterly dividend on Monday, May 5th, RTT News reports. Shareholders of record on Monday, June 30th will be paid 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 Trading Down 1.5 %

Gibson Energy stock traded down C$0.34 during trading hours on Friday, reaching C$22.03. 69,054 shares of the company's stock traded hands, compared to its average volume of 826,017. The firm's 50 day moving average is C$21.67 and its 200-day moving average is C$23.16. Gibson Energy has a fifty-two week low of C$19.63 and a fifty-two week high of C$26.10. The firm has a market capitalization of C$3.59 billion, a price-to-earnings ratio of 16.99, a PEG ratio of 1.85 and a beta of 1.25. The company has a debt-to-equity ratio of 278.33, a quick ratio of 0.87 and a current ratio of 0.70.

Insider Activity at Gibson Energy

In other Gibson Energy news, Senior Officer Riley Hicks bought 8,900 shares of Gibson Energy stock in a transaction dated Friday, February 21st. The shares were purchased at an average cost 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 business's stock in a transaction dated Friday, February 21st. The shares were bought at an average cost of C$21.20 per share, for a total transaction of C$530,000.00. 0.85% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GEI. Royal Bank of Canada reduced their target price on shares of Gibson Energy from C$28.00 to C$26.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Scotiabank decreased their price target on Gibson Energy from C$27.00 to C$26.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. Raymond James reduced their price objective on Gibson Energy from C$30.50 to C$29.50 and set a "strong-buy" rating for the company in a research note on Thursday, February 20th. Jefferies Financial Group lowered their price objective on Gibson Energy from C$26.00 to C$23.00 and set a "hold" rating on the stock in a research note on Thursday, February 20th. Finally, National Bank Financial cut shares of Gibson Energy from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of C$25.85.

Gibson Energy Company Profile

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.