Gibson Energy Inc. (GEI) To Go Ex-Dividend on September 27th

Gibson Energy Inc. (TSE:GEI) announced a quarterly dividend on Monday, July 29th, Zacks reports. Stockholders of record on Monday, September 30th will be given a dividend of 0.41 per share on Thursday, October 17th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 7.25%. The ex-dividend date is Friday, September 27th.

Gibson Energy Stock Performance

TSE:GEI opened at C$22.62 on Wednesday. The stock has a market capitalization of C$3.68 billion, a price-to-earnings ratio of 21.34, a PEG ratio of 1.85 and a beta of 1.25. Gibson Energy has a 52 week low of C$18.45 and a 52 week high of C$23.64. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 292.01. The firm has a 50 day moving average of C$22.08 and a 200 day moving average of C$22.56.

Gibson Energy (TSE:GEI) last issued its quarterly earnings data on Monday, July 29th. The company reported C$0.38 EPS for the quarter, beating the consensus estimate of C$0.36 by C$0.02. The firm had revenue of C$3.23 billion during the quarter. Gibson Energy had a return on equity of 23.48% and a net margin of 1.42%. As a group, sell-side analysts anticipate that Gibson Energy will post 1.6846096 earnings per share for the current fiscal year.

Insider Buying and Selling at Gibson Energy

In other Gibson Energy news, Director Margaret Cahill Montana acquired 3,400 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were purchased at an average price of C$21.52 per share, for a total transaction of C$73,168.00. In related news, Director Curtis Philippon purchased 23,000 shares of Gibson Energy stock in a transaction that occurred on Wednesday, September 4th. The stock was bought at an average cost of C$22.03 per share, for a total transaction of C$506,690.00. Also, Director Margaret Cahill Montana purchased 3,400 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was bought at an average cost of C$21.52 per share, with a total value of C$73,168.00. Company insiders own 0.85% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on GEI shares. National Bankshares raised their price target on Gibson Energy from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a report on Friday, August 23rd. BMO Capital Markets lifted their target price on shares of Gibson Energy from C$25.00 to C$25.50 in a research note on Thursday, September 5th. Finally, JPMorgan Chase & Co. upped their price target on shares of Gibson Energy from C$26.00 to C$27.00 and gave the company an “overweight” rating in a research note on Friday, June 28th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$25.56.

Gibson Energy Company Profile

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.