Several other brokerages have also recently issued reports on GEI. GMP Securities increased their price target on shares of Gibson Energy from C$19.50 to C$22.25 in a research report on Friday, August 10th. National Bank Financial raised shares of Gibson Energy from a sector perform rating to an outperform rating and raised their target price for the company from C$21.00 to C$23.00 in a report on Friday, September 21st. JPMorgan Chase & Co. raised their target price on shares of Gibson Energy from C$20.00 to C$23.00 in a report on Thursday, September 27th. Canaccord Genuity raised their target price on shares of Gibson Energy from C$20.00 to C$22.00 in a report on Monday, August 13th. Finally, BMO Capital Markets raised their target price on shares of Gibson Energy from C$19.00 to C$20.00 in a report on Thursday, August 9th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of C$21.23.
Shares of GEI opened at C$21.48 on Friday. Gibson Energy has a 1 year low of C$15.68 and a 1 year high of C$21.53.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 17th. Investors of record on Friday, September 28th will be issued a $0.33 dividend. The ex-dividend date is Thursday, September 27th. This represents a $1.32 annualized dividend and a yield of 6.15%.
In related news, insider Sean Brown purchased 10,527 shares of the company’s stock in a transaction on Tuesday, August 21st. The shares were bought at an average cost of C$19.78 per share, for a total transaction of C$208,224.06. Also, Director John Larry Festival purchased 9,000 shares of the company’s stock in a transaction on Tuesday, August 14th. The stock was bought at an average price of C$19.90 per share, for a total transaction of C$179,100.00.
Gibson Energy Company Profile
Gibson Energy Inc, an integrated midstream company, engages in the movement, storage, optimization, processing, marketing, and distribution of crude oil, condensate, natural gas liquids (NGLs), water, oilfield waste, and refined products in North America. It operates through four segments: Infrastructure, Logistics, Wholesale, and Other.
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