Gibson Energy Inc. (GEI) Given Consensus Recommendation of “Hold” by Analysts
Gibson Energy Inc. (TSE:GEI) has been assigned a consensus rating of “Hold” from the ten research firms that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$19.63.
Several brokerages recently issued reports on GEI. CIBC cut their price objective on Gibson Energy from C$19.00 to C$18.00 in a report on Monday, July 24th. TD Securities cut their price objective on Gibson Energy from C$20.00 to C$19.50 and set a “hold” rating for the company in a report on Wednesday, May 10th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Gibson Energy in a report on Tuesday, May 9th. BMO Capital Markets cut their price objective on Gibson Energy from C$20.00 to C$18.00 in a report on Wednesday, July 19th. Finally, AltaCorp Capital lowered Gibson Energy from an “outperform” rating to a “sector perform” rating in a report on Monday, June 26th.
Shares of Gibson Energy (TSE:GEI) opened at 16.30 on Friday. The firm has a market capitalization of $2.33 billion and a price-to-earnings ratio of 33.40. The firm’s 50-day moving average price is $16.51 and its 200 day moving average price is $18.16. Gibson Energy has a 52 week low of $15.57 and a 52 week high of $20.31.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 17th. Investors of record on Friday, September 29th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.32 annualized dividend and a dividend yield of 8.10%.
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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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