Gibson Energy Inc. (TSE:GEI) to Issue Quarterly Dividend of $0.33

Gibson Energy Inc. (TSE:GEI) declared a quarterly dividend on Monday, May 6th, Zacks reports. Shareholders of record on Friday, June 28th will be paid a dividend of 0.33 per share on Wednesday, July 17th. This represents a $1.32 annualized dividend and a dividend yield of 5.58%. The ex-dividend date of this dividend is Thursday, June 27th.

Shares of Gibson Energy stock traded down C$0.09 on Tuesday, hitting C$23.65. 10,244 shares of the company traded hands, compared to its average volume of 398,906. The company has a 50 day moving average of C$22.61. The company has a debt-to-equity ratio of 169.75, a quick ratio of 0.80 and a current ratio of 1.30. Gibson Energy has a 52 week low of C$16.90 and a 52 week high of C$24.18. The stock has a market cap of $3.49 billion and a P/E ratio of 15.86.

Gibson Energy (TSE:GEI) last posted its quarterly earnings results on Monday, May 6th. The company reported C$0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.35 by C$0.05. The company had revenue of C$1.75 billion for the quarter. On average, analysts forecast that Gibson Energy will post 0.8189607 EPS for the current fiscal year.

GEI has been the subject of a number of recent research reports. Scotiabank raised shares of Gibson Energy from an “average” rating to a “buy” rating and set a C$25.00 price objective for the company in a research note on Friday, May 10th. Raymond James reissued a “market perform” rating and issued a C$23.00 price objective on shares of Gibson Energy in a research note on Tuesday, March 5th. Canaccord Genuity boosted their price objective on shares of Gibson Energy from C$24.00 to C$25.00 in a research note on Wednesday, May 29th. GMP Securities boosted their price objective on shares of Gibson Energy from C$20.50 to C$23.00 and gave the stock a “hold” rating in a research note on Wednesday, March 6th. Finally, National Bank Financial boosted their price objective on shares of Gibson Energy from C$24.00 to C$25.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 5th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Gibson Energy currently has a consensus rating of “Hold” and an average price target of C$24.54.

Gibson Energy Company Profile

Gibson Energy Inc engages in the gathering, storage, optimization, processing, and marketing of crude oil and refined products in North America. It operates through Infrastructure and Wholesale segments. The Infrastructure segment operates a network of infrastructure assets that include oil terminals, rail loading and unloading facilities, injection stations, gathering pipelines, and a crude oil processing facility, as well as procession, recovery, and disposal terminals.

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Dividend History for Gibson Energy (TSE:GEI)

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