Gibson Energy Inc. (TSE:GEI) Increases Dividend to $0.43 Per Share

Gibson Energy Inc. (TSE:GEI - Get Free Report) declared a quarterly dividend on Monday, March 31st, TickerTech Dividends reports. Stockholders of record on Thursday, April 17th will be paid a dividend of 0.43 per share on Thursday, April 17th. This represents a $1.72 annualized dividend and a dividend yield of 7.60%. The ex-dividend date of this dividend is Monday, March 31st. This is a 4.9% increase from Gibson Energy's previous quarterly dividend of $0.41.

Gibson Energy Stock Up 0.7 %

Gibson Energy stock traded up C$0.15 during midday trading on Wednesday, reaching C$22.62. The stock had a trading volume of 181,285 shares, compared to its average volume of 833,738. The company has a fifty day moving average price of C$22.86 and a two-hundred day moving average price of C$23.41. Gibson Energy has a 12 month low of C$20.60 and a 12 month high of C$26.10. The company has a current ratio of 0.70, a quick ratio of 0.87 and a debt-to-equity ratio of 278.33. The company has a market capitalization of C$3.69 billion, a P/E ratio of 17.44, a PEG ratio of 1.85 and a beta of 1.25.

Insiders Place Their Bets

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

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Jefferies Financial Group decreased their price objective on Gibson Energy from C$26.00 to C$23.00 and set a "hold" rating for the company in a report on Thursday, February 20th. BMO Capital Markets upgraded shares of Gibson Energy from a "market perform" rating to an "outperform" rating and upped their price objective for the stock from C$25.50 to C$28.00 in a report on Thursday, December 5th. CIBC dropped their price objective on shares of Gibson Energy from C$29.00 to C$27.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. Royal Bank of Canada decreased 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. Finally, Wells Fargo & Company cut shares of Gibson Energy from an "overweight" rating to an "equal weight" rating in a research report on Wednesday, December 18th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of C$25.86.

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.