Gibson Energy Inc. (TSE:GEI) announced a quarterly dividend on Monday, May 6th, Zacks reports. Shareholders of record on Friday, June 28th will be given a dividend of 0.33 per share on Wednesday, July 17th. This represents a $1.32 annualized dividend and a yield of 5.62%. The ex-dividend date is Thursday, June 27th.
Gibson Energy stock traded down C$0.25 during mid-day trading on Tuesday, hitting C$23.49. The company had a trading volume of 40,805 shares, compared to its average volume of 399,132. The company has a quick ratio of 0.80, a current ratio of 1.30 and a debt-to-equity ratio of 169.75. The business has a 50 day simple moving average of C$22.61. Gibson Energy has a 12 month low of C$16.90 and a 12 month high of C$24.18. The company has a market capitalization of $3.49 billion and a P/E ratio of 15.71.
Gibson Energy (TSE:GEI) last released its earnings results on Monday, May 6th. The company reported C$0.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.35 by C$0.05. The company had revenue of C$1.75 billion during the quarter. Equities research analysts predict that Gibson Energy will post 0.8189607 EPS for the current fiscal year.
GEI has been the topic of several analyst reports. GMP Securities boosted their target price on Gibson Energy from C$20.50 to C$23.00 and gave the stock a “hold” rating in a report on Wednesday, March 6th. Raymond James upped their price target on Gibson Energy from C$23.00 to C$25.00 and gave the company a “market perform” rating in a report on Wednesday, April 3rd. CIBC upped their price target on Gibson Energy from C$22.00 to C$25.00 and gave the company an “average” rating in a report on Wednesday, April 3rd. National Bank Financial upped their price target on Gibson Energy from C$24.00 to C$25.00 and gave the company an “outperform” rating in a report on Tuesday, March 5th. Finally, JPMorgan Chase & Co. raised Gibson Energy from a “neutral” rating to an “overweight” rating and upped their price target for the company from C$26.00 to C$27.00 in a report on Monday, June 17th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of C$24.54.
About Gibson Energy
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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