Gibson Energy Inc. Announces Quarterly Dividend of $0.41 (TSE:GEI)

Gibson Energy Inc. (TSE:GEI - Get Free Report) declared a quarterly dividend on Monday, April 29th, Zacks reports. Stockholders of record on Friday, June 28th will be paid a dividend of 0.41 per share on Wednesday, July 17th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 7.42%. The ex-dividend date of this dividend is Friday, June 28th.

Gibson Energy Stock Down 2.1 %

Shares of GEI stock traded down C$0.47 on Wednesday, reaching C$22.11. 691,809 shares of the company's stock traded hands, compared to its average volume of 553,953. Gibson Energy has a 12-month low of C$18.45 and a 12-month high of C$23.40. The company has a debt-to-equity ratio of 303.96, a quick ratio of 0.87 and a current ratio of 1.12. The company has a market capitalization of C$3.57 billion, a P/E ratio of 15.68, a price-to-earnings-growth ratio of 1.85 and a beta of 1.29. The business's 50 day moving average price is C$22.74 and its two-hundred day moving average price is C$21.44.

Gibson Energy (TSE:GEI - Get Free Report) last issued its quarterly earnings results on Tuesday, February 20th. The company reported C$0.32 earnings per share for the quarter, missing analysts' consensus estimates of C$0.40 by C($0.08). Gibson Energy had a net margin of 1.95% and a return on equity of 28.84%. The business had revenue of C$2.81 billion for the quarter, compared to analysts' expectations of C$3.33 billion. On average, equities analysts forecast that Gibson Energy will post 1.5894955 earnings per share for the current year.

Insider Buying and Selling

In related news, Senior Officer Sean Brown sold 35,000 shares of the business's stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of C$19.97, for a total transaction of C$698,950.00. In related news, Senior Officer Sean Brown sold 35,000 shares of the business's stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of C$19.97, for a total transaction of C$698,950.00. Also, Director Khalid Muslih acquired 7,000 shares of the business's stock in a transaction that occurred on Tuesday, March 5th. The shares were acquired at an average cost of C$16.63 per share, with a total value of C$116,410.00. 0.81% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. CIBC boosted their target price on Gibson Energy from C$26.00 to C$27.00 and gave the company an "outperform" rating in a research note on Monday, January 8th. JPMorgan Chase & Co. boosted their target price on Gibson Energy from C$25.00 to C$26.00 in a research note on Monday, April 15th. Scotiabank boosted their target price on Gibson Energy from C$25.00 to C$26.00 and gave the company an "outperform" rating in a research note on Wednesday. BMO Capital Markets boosted their target price on Gibson Energy from C$22.50 to C$25.00 and gave the company a "market perform" rating in a research note on Tuesday. Finally, Stifel Nicolaus lowered their target price on Gibson Energy from C$26.00 to C$25.00 and set a "buy" rating on the stock in a research note on Wednesday. One analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of C$25.63.

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.