Gibson Energy Inc. (GEI) to Issue Quarterly Dividend of $0.43 on April 17th

Gibson Energy Inc. (TSE:GEI) announced a quarterly dividend on Monday, March 31st, TickerTech Dividends reports. Stockholders 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 annualized dividend 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 Up 1.1 %

Gibson Energy stock traded up C$0.24 during midday trading on Friday, hitting C$22.69. 964,076 shares of the company were exchanged, compared to its average volume of 851,239. The company has a debt-to-equity ratio of 278.33, a current ratio of 0.70 and a quick ratio of 0.87. Gibson Energy has a fifty-two week low of C$20.60 and a fifty-two week high of C$26.10. The company’s fifty day moving average price is C$22.99 and its 200-day moving average price is C$23.39. The company has a market cap of C$3.70 billion, a PE ratio of 17.50, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25.

Insider Activity at Gibson Energy

In other news, Director Curtis Philippon purchased 25,000 shares of the 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. Also, Senior Officer Kelly Holtby purchased 2,010 shares of the company’s stock in a transaction on Monday, December 30th. The stock was acquired at an average price of C$24.85 per share, for a total transaction of C$49,948.50. Insiders have purchased a total of 35,910 shares of company stock worth $767,739 over the last ninety days. 0.85% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. National Bank Financial downgraded shares of Gibson Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Wells Fargo & Company cut shares of Gibson Energy from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, December 18th. Scotiabank reduced their price target on Gibson Energy from C$27.00 to C$26.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. TD Securities upgraded Gibson Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, February 24th. Finally, BMO Capital Markets raised shares of Gibson Energy from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from C$25.50 to C$28.00 in a research report on Thursday, December 5th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.