Gibson Energy Inc. (GEI) to Distribute Quarterly Dividend of $0.41 on April 17th

Gibson Energy Inc. (TSE:GEIGet Free Report) announced a quarterly dividend on Tuesday, February 20th, Zacks reports. Shareholders of record on Thursday, March 28th will be paid a dividend of 0.41 per share on Wednesday, April 17th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 7.06%. The ex-dividend date of this dividend is Wednesday, March 27th. This is a positive change from Gibson Energy’s previous quarterly dividend of $0.39.

Gibson Energy Trading Up 0.4 %

Shares of GEI opened at C$23.24 on Monday. The company has a current ratio of 1.12, a quick ratio of 0.87 and a debt-to-equity ratio of 303.96. The firm has a 50-day moving average price of C$21.72 and a 200 day moving average price of C$20.88. Gibson Energy has a 12-month low of C$18.45 and a 12-month high of C$23.39. The firm has a market capitalization of C$3.76 billion, a P/E ratio of 16.48, a P/E/G ratio of 1.85 and a beta of 1.29.

Gibson Energy (TSE:GEIGet Free Report) last posted its earnings results on Tuesday, February 20th. The company reported C$0.32 EPS for the quarter, missing analysts’ consensus estimates of C$0.40 by C($0.08). Gibson Energy had a net margin of 1.95% and a return on equity of 28.84%. The business had revenue of C$2.81 billion during the quarter, compared to analysts’ expectations of C$3.33 billion. Sell-side analysts forecast that Gibson Energy will post 1.5876712 EPS for the current year.

Insider Buying and Selling

In other Gibson Energy news, Director Steven R. Spaulding sold 55,823 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of C$22.72, for a total value of C$1,268,298.56. In related news, Director Khalid Muslih bought 7,000 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were bought at an average cost of C$16.63 per share, with a total value of C$116,410.00. Also, Director Steven R. Spaulding sold 55,823 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of C$22.72, for a total value of C$1,268,298.56. Corporate insiders own 0.82% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on GEI. National Bankshares upped their price target on Gibson Energy from C$24.00 to C$25.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 30th. CIBC increased their target price on shares of Gibson Energy from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a report on Monday, January 8th. Jefferies Financial Group set a C$25.00 price target on shares of Gibson Energy and gave the stock a “buy” rating in a research note on Tuesday, February 27th. Stifel Nicolaus reduced their price objective on shares of Gibson Energy from C$27.00 to C$26.50 and set a “buy” rating on the stock in a report on Tuesday, December 5th. Finally, JPMorgan Chase & Co. cut their price target on Gibson Energy from C$26.00 to C$25.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 17th. One analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$25.18.

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About Gibson Energy

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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.

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Dividend History for Gibson Energy (TSE:GEI)

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