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

Gibson Energy Inc. (TSE:GEI - Get Free Report) declared a quarterly dividend on Tuesday, October 29th, Zacks reports. Shareholders of record on Tuesday, December 31st will be paid a dividend of 0.41 per share on Friday, January 17th. This represents a $1.64 annualized dividend and a yield of 7.09%. The ex-dividend date of this dividend is Tuesday, December 31st.

Gibson Energy Price Performance

TSE:GEI traded up C$0.05 during trading hours on Thursday, hitting C$23.14. 394,638 shares of the stock traded hands, compared to its average volume of 576,268. Gibson Energy has a 1 year low of C$19.33 and a 1 year high of C$24.33. The stock has a 50 day moving average price of C$22.58 and a 200 day moving average price of C$22.60. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 292.01. The company has a market cap of C$3.77 billion, a price-to-earnings ratio of 21.78, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25.

Gibson Energy (TSE:GEI - Get Free Report) last released its earnings results on Monday, July 29th. The company reported C$0.38 EPS for the quarter, topping the consensus estimate of C$0.36 by C$0.02. Gibson Energy had a net margin of 1.42% and a return on equity of 23.48%. The firm had revenue of C$3.23 billion for the quarter.

Analysts Set New Price Targets

Several research firms have commented on GEI. National Bankshares increased their price objective on shares of Gibson Energy from C$25.00 to C$26.00 and gave the company an "outperform" rating in a research report on Friday, August 23rd. BMO Capital Markets increased their price objective on shares of Gibson Energy from C$25.00 to C$25.50 in a research report on Thursday, September 5th. JPMorgan Chase & Co. lowered their price objective on shares of Gibson Energy from C$27.00 to C$26.00 in a research report on Wednesday, October 2nd. Raymond James set a C$28.50 target price on shares of Gibson Energy and gave the company a "strong-buy" rating in a research note on Friday, October 11th. Finally, Royal Bank of Canada increased their target price on shares of Gibson Energy from C$27.00 to C$28.00 and gave the company an "outperform" rating in a research note on Thursday, October 3rd. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of C$26.00.

Insider Buying and Selling

In other Gibson Energy news, Director Curtis Philippon bought 23,000 shares of the business's stock in a transaction on Wednesday, September 4th. The shares were acquired at an average price of C$22.03 per share, with a total value of C$506,690.00. In other news, Director Curtis Philippon purchased 23,000 shares of the stock in a transaction dated Wednesday, September 4th. The shares were acquired at an average cost of C$22.03 per share, for a total transaction of C$506,690.00. Also, Director Margaret Cahill Montana bought 3,400 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was bought at an average price of C$21.52 per share, with a total value of C$73,168.00. 0.85% of the stock is currently owned by insiders.

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.