Gibson Energy Inc. (GEI) To Go Ex-Dividend on March 31st

Gibson Energy Inc. (TSE:GEI) declared a quarterly dividend on Monday, March 31st, TickerTech Dividends reports. Shareholders of record on Thursday, April 17th will be paid a dividend of 0.43 per share on Thursday, April 17th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 7.58%. The ex-dividend date of this dividend is Monday, March 31st. This is a 4.9% increase from Gibson Energy’s previous quarterly dividend of $0.41.

Gibson Energy Price Performance

Shares of GEI traded up C$0.24 during trading hours on Friday, hitting C$22.69. The stock had a trading volume of 964,076 shares, compared to its average volume of 851,239. The stock has a market capitalization of C$3.70 billion, a price-to-earnings ratio of 17.50, a P/E/G ratio of 1.85 and a beta of 1.25. The company has a debt-to-equity ratio of 278.33, a current ratio of 0.70 and a quick ratio of 0.87. The company’s fifty day moving average is C$22.99 and its two-hundred day moving average is C$23.39. Gibson Energy has a 52 week low of C$20.60 and a 52 week high of C$26.10.

Analyst Ratings Changes

GEI has been the subject of a number of research analyst reports. Royal Bank of Canada cut their target price on shares of Gibson Energy from C$28.00 to C$26.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. TD Securities raised Gibson Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 24th. Raymond James lowered their target price on Gibson Energy from C$30.50 to C$29.50 and set a “strong-buy” rating for the company in a research note on Thursday, February 20th. Jefferies Financial Group reduced their price target on shares of Gibson Energy from C$26.00 to C$23.00 and set a “hold” rating on the stock in a research report on Thursday, February 20th. Finally, ATB Capital lowered their price objective on shares of Gibson Energy from C$28.00 to C$26.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$25.86.

Insiders Place Their Bets

In related news, Director Curtis Philippon bought 25,000 shares of Gibson Energy stock in a transaction on Friday, February 21st. The shares were purchased at an average price of C$21.20 per share, for a total transaction of C$530,000.00. Also, Senior Officer Kelly Holtby purchased 2,010 shares of the stock in a transaction dated Monday, December 30th. The stock was bought at an average cost of C$24.85 per share, with a total value of C$49,948.50. In the last 90 days, insiders acquired 35,910 shares of company stock valued at $767,739. Company insiders own 0.85% of the company’s stock.

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.