Gibson Energy Inc. (TSE:GEI) declared a quarterly dividend on Monday, May 6th, Zacks reports. Investors of record on Friday, June 28th will be given a dividend of 0.33 per share on Wednesday, July 17th. This represents a $1.32 annualized dividend and a yield of 5.61%. The ex-dividend date is Thursday, June 27th.
TSE:GEI opened at C$23.54 on Wednesday. Gibson Energy has a 12-month low of C$16.90 and a 12-month high of C$24.18. The company has a debt-to-equity ratio of 169.75, a current ratio of 1.30 and a quick ratio of 0.80. The firm has a market capitalization of $3.49 billion and a price-to-earnings ratio of 15.72. The business has a 50-day simple moving average of C$22.64.
Gibson Energy (TSE:GEI) last posted its quarterly earnings data on Monday, May 6th. The company reported C$0.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.35 by C$0.05. The firm had revenue of C$1.75 billion for the quarter. Equities research analysts expect that Gibson Energy will post 0.8189607 earnings per share for the current fiscal year.
GEI has been the subject of several recent analyst reports. Scotiabank raised shares of Gibson Energy from an “average” rating to a “buy” rating and set a C$25.00 price objective for the company in a report on Friday, May 10th. Raymond James reissued a “market perform” rating and set a C$23.00 price target on shares of Gibson Energy in a research note on Tuesday, March 5th. Canaccord Genuity increased their price target on shares of Gibson Energy from C$24.00 to C$25.00 in a research note on Wednesday, May 29th. GMP Securities increased their price target on shares of Gibson Energy from C$20.50 to C$23.00 and gave the company a “hold” rating in a research note on Wednesday, March 6th. Finally, National Bank Financial increased their price target on shares of Gibson Energy from C$24.00 to C$25.00 and gave the company an “outperform” rating in a research note on Tuesday, March 5th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. Gibson Energy currently has an average rating of “Hold” and an average price target of C$24.54.
About Gibson Energy
Gibson Energy Inc engages in the gathering, storage, optimization, processing, and marketing of crude oil and refined products in North America. It operates through Infrastructure and Wholesale segments. The Infrastructure segment operates a network of infrastructure assets that include oil terminals, rail loading and unloading facilities, injection stations, gathering pipelines, and a crude oil processing facility, as well as procession, recovery, and disposal terminals.
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