Gibson Energy Inc. (TSE:GEI) had its target price decreased by TD Securities from C$18.50 to C$17.50 in a research note issued to investors on Friday. TD Securities currently has a hold rating on the stock.
Other equities analysts also recently issued research reports about the company. BMO Capital Markets lowered their price target on Gibson Energy from C$20.00 to C$18.00 in a research report on Wednesday, July 19th. Raymond James Financial, Inc. lowered their price target on Gibson Energy from C$22.00 to C$21.00 and set an outperform rating on the stock in a research report on Friday. CIBC lowered their price target on Gibson Energy from C$19.00 to C$18.00 in a research report on Monday, July 24th. National Bank Financial lowered their price target on Gibson Energy from C$19.00 to C$18.00 and set a sector perform rating on the stock in a research report on Thursday. Finally, Scotiabank lowered their price target on Gibson Energy from C$19.00 to C$18.00 and set a sector perform rating on the stock in a research report on Friday. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has an average rating of Hold and a consensus price target of C$19.50.
Shares of Gibson Energy (GEI) opened at C$16.40 on Friday. Gibson Energy has a 1-year low of C$15.57 and a 1-year high of C$20.31.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 17th. Shareholders of record on Friday, December 29th will be given a dividend of $0.33 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.32 dividend on an annualized basis and a yield of 8.05%. Gibson Energy’s dividend payout ratio is currently -244.44%.
In other news, Director Sean William Duffee sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of C$17.70, for a total value of C$88,500.00. In the last 90 days, insiders sold 27,781 shares of company stock worth $88,500.
About Gibson Energy
Gibson Energy Inc is a Canada-based integrated service provider to the oil and gas industry with operations across producing regions throughout North America. The Company is engaged in the movement, storage, blending, processing, marketing and distribution of crude oil, condensate, natural gas liquids (NGLs), water, oilfield waste and refined products.
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