Gibson Energy Inc. (GEI) Given Average Recommendation of “Hold” by Brokerages

Shares of Gibson Energy Inc. (TSE:GEI) have received an average recommendation of “Hold” from the eleven ratings firms that are covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$18.94.

GEI has been the topic of several analyst reports. Raymond James Financial reduced their price objective on shares of Gibson Energy from C$22.00 to C$21.00 and set an “outperform” rating on the stock in a research note on Friday, November 10th. Scotiabank reduced their price objective on shares of Gibson Energy from C$19.00 to C$18.00 and set a “sector perform” rating on the stock in a research note on Friday, November 10th. TD Securities reduced their price objective on shares of Gibson Energy from C$18.50 to C$17.50 and set a “hold” rating on the stock in a research note on Friday, November 10th. CIBC reduced their price objective on shares of Gibson Energy from C$19.00 to C$16.00 and set an “underperform” rating on the stock in a research note on Monday, November 13th. Finally, GMP Securities boosted their price objective on shares of Gibson Energy from C$20.75 to C$21.00 in a research note on Wednesday, December 6th.

Shares of Gibson Energy (TSE GEI) opened at C$19.00 on Monday. Gibson Energy has a one year low of C$15.92 and a one year high of C$20.31. The firm has a market cap of $2,720.00, a price-to-earnings ratio of -35.19 and a beta of 0.59.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 17th. Shareholders of record on Friday, December 29th will be given a dividend of $0.33 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.32 dividend on an annualized basis and a yield of 6.95%. Gibson Energy’s dividend payout ratio (DPR) is currently -244.44%.

In other news, Director James Estey purchased 10,000 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were acquired at an average price of C$16.80 per share, with a total value of C$168,000.00.

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About Gibson Energy

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.

Analyst Recommendations for Gibson Energy (TSE:GEI)

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