Gibson Energy Inc. (TSE:GEI) Announces Quarterly Dividend of $0.45

Gibson Energy Inc. (TSE:GEI) announced a quarterly dividend on Monday, June 29th, TickerTech Dividends reports. Stockholders of record on Friday, July 17th will be given a dividend of 0.45 per share on Friday, July 17th. This represents a c) annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend is Monday, June 29th.

Gibson Energy Stock Performance

Shares of TSE GEI opened at C$30.04 on Friday. The company has a debt-to-equity ratio of 281.88, a quick ratio of 0.87 and a current ratio of 1.17. The firm has a market cap of C$5.18 billion, a price-to-earnings ratio of 33.75, a P/E/G ratio of 1.85 and a beta of 0.11. The business’s 50-day simple moving average is C$28.86 and its 200-day simple moving average is C$28.01. Gibson Energy has a 52 week low of C$22.09 and a 52 week high of C$30.50.

Gibson Energy (TSE:GEI) last issued its quarterly earnings data on Monday, May 4th. The company reported C($0.01) earnings per share for the quarter. Gibson Energy had a net margin of 1.37% and a return on equity of 16.60%. The company had revenue of C$2.75 billion during the quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on GEI shares. National Bank Financial lifted their price target on shares of Gibson Energy from C$30.00 to C$33.00 and gave the company an “outperform” rating in a research report on Monday, June 1st. TD raised shares of Gibson Energy from a “hold” rating to a “buy” rating and upped their price objective for the stock from C$29.00 to C$32.00 in a report on Tuesday, May 26th. Finally, TD Securities upgraded shares of Gibson Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$28.00.

Gibson Energy Company Profile

Gibson is a leading liquids Infrastructure company with its principal businesses consisting of the storage, optimization, processing, and gathering of liquids and refined products, as well as waterborne vessel loading. Headquartered in Calgary, Alberta, the Company’s operations are located across North America, with core terminal assets in Hardisty and Edmonton, Alberta, Ingleside and Wink, Texas, and a facility in Moose Jaw, Saskatchewan. Gibson shares trade under the symbol GEI and are listed on the Toronto Stock Exchange.