Gibson Energy Inc. (TSE:GEI) to Issue Quarterly Dividend of $0.43

Gibson Energy Inc. (TSE:GEI) declared a quarterly dividend on Monday, March 31st, TickerTech Dividends reports. Investors of record on Thursday, April 17th will be paid a dividend of 0.43 per share on Thursday, April 17th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 7.58%. The ex-dividend date is Monday, March 31st. This is a 4.9% increase from Gibson Energy’s previous quarterly dividend of $0.41.

Gibson Energy Stock Performance

TSE GEI traded up C$0.24 on Friday, reaching C$22.69. 964,076 shares of the stock were exchanged, compared to its average volume of 851,239. The firm has a market capitalization of C$3.70 billion, a PE ratio of 17.50, a PEG ratio of 1.85 and a beta of 1.25. Gibson Energy has a one year low of C$20.60 and a one year high of C$26.10. The company’s 50-day simple moving average is C$22.99 and its two-hundred day simple moving average is C$23.39. The company has a current ratio of 0.70, a quick ratio of 0.87 and a debt-to-equity ratio of 278.33.

Insider Buying and Selling

In related news, Senior Officer Riley Hicks bought 8,900 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was purchased at an average price of C$21.10 per share, for a total transaction of C$187,790.00. Also, Director Curtis Philippon bought 25,000 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were bought at an average cost of C$21.20 per share, for a total transaction of C$530,000.00. Over the last 90 days, insiders have acquired 35,910 shares of company stock worth $767,739. Insiders own 0.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on GEI shares. TD Securities upgraded shares of Gibson Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 24th. Scotiabank lowered their price objective on Gibson Energy from C$27.00 to C$26.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Jefferies Financial Group cut their target price on Gibson Energy from C$26.00 to C$23.00 and set a “hold” rating for the company in a research report on Thursday, February 20th. Royal Bank of Canada lowered their price target on Gibson Energy from C$28.00 to C$26.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Finally, National Bank Financial lowered shares of Gibson Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 19th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$25.86.

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.