Gibson Energy Inc. (GEI) Given Average Rating of “Hold” by Brokerages
Gibson Energy Inc. (TSE:GEI) has been given an average recommendation of “Hold” by the ten ratings firms that are currently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$19.88.
Several equities research analysts recently issued reports on the company. AltaCorp Capital cut Gibson Energy from an “outperform” rating to a “sector perform” rating in a report on Monday, June 26th. CIBC lowered their price objective on Gibson Energy from C$20.00 to C$19.00 in a report on Wednesday, May 10th. BMO Capital Markets lowered their price objective on Gibson Energy from C$20.00 to C$18.00 in a report on Wednesday, July 19th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Gibson Energy in a report on Tuesday, May 9th. Finally, TD Securities lowered their target price on Gibson Energy from C$20.00 to C$19.50 and set a “hold” rating on the stock in a report on Wednesday, May 10th.
Gibson Energy (TSE GEI) opened at 16.33 on Monday. The company’s 50-day moving average price is $17.22 and its 200-day moving average price is $18.55. Gibson Energy has a 52 week low of $13.95 and a 52 week high of $20.31. The company’s market capitalization is $2.33 billion.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Monday, July 17th were paid a $0.33 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $1.32 annualized dividend and a yield of 8.08%.
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Gibson Energy Company Profile
Gibson Energy Inc is a Canada-based integrated service provider to the oil and gas industry with operations across producing regions throughout North America. The Company is engaged in the movement, storage, blending, processing, marketing and distribution of crude oil, condensate, natural gas liquids (NGLs), water, oilfield waste and refined products.
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