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

Gibson Energy Inc. (TSE:GEI - Get Free Report) announced a quarterly dividend on Tuesday, October 29th, Zacks reports. Investors of record on Tuesday, December 31st will be given a dividend of 0.41 per share on Friday, January 17th. This represents a $1.64 annualized dividend and a dividend yield of 7.10%. The ex-dividend date is Tuesday, December 31st.

Gibson Energy Stock Performance

GEI traded up C$0.01 on Thursday, hitting C$23.10. 759,693 shares of the stock traded hands, compared to its average volume of 578,086. The business has a fifty day moving average price of C$22.58 and a two-hundred day moving average price of C$22.60. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 292.01. The firm has a market capitalization of C$3.76 billion, a PE ratio of 21.79, a P/E/G ratio of 1.85 and a beta of 1.25. Gibson Energy has a 52 week low of C$19.33 and a 52 week high of C$24.33.

Gibson Energy (TSE:GEI - Get Free Report) last released its quarterly earnings data on Monday, July 29th. The company reported C$0.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.36 by C$0.02. The business had revenue of C$3.23 billion for the quarter. Gibson Energy had a return on equity of 23.48% and a net margin of 1.42%.

Wall Street Analyst Weigh In

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

Insider Activity at Gibson Energy

In other Gibson Energy news, Director Curtis Philippon acquired 23,000 shares of Gibson Energy stock in a transaction that occurred on Wednesday, September 4th. The shares were bought at an average price of C$22.03 per share, with a total value of C$506,690.00. In related news, Director Curtis Philippon acquired 23,000 shares of the company's stock in a transaction dated Wednesday, September 4th. The shares were purchased at an average price of C$22.03 per share, for a total transaction of C$506,690.00. Also, Director Margaret Cahill Montana acquired 3,400 shares of the firm's stock in a transaction dated Wednesday, August 7th. The shares were purchased 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.

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.