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

Gibson Energy Inc. (TSE:GEI) announced a quarterly dividend on Monday, May 6th, Zacks reports. Investors of record on Friday, June 28th will be given a dividend of 0.33 per share on Wednesday, July 17th. This represents a $1.32 annualized dividend and a dividend yield of 5.62%. The ex-dividend date of this dividend is Thursday, June 27th.

Shares of TSE:GEI traded down C$0.25 during trading on Tuesday, hitting C$23.49. 40,805 shares of the company’s stock were exchanged, compared to its average volume of 399,132. 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 firm has a 50-day moving average of C$22.61. The firm has a market capitalization of $3.49 billion and a P/E ratio of 15.71.

Gibson Energy (TSE:GEI) last released its earnings results on Monday, May 6th. The company reported C$0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.35 by C$0.05. The business had revenue of C$1.75 billion for the quarter. Research analysts expect that Gibson Energy will post 0.8189607 EPS for the current fiscal year.

Several analysts recently issued reports on the company. Canaccord Genuity increased their target price on Gibson Energy from C$24.00 to C$25.00 in a research report on Wednesday, May 29th. Scotiabank upgraded Gibson Energy from an “average” rating to a “buy” rating and set a C$25.00 target price for the company in a research report on Friday, May 10th. GMP Securities cut their target price on Gibson Energy from C$24.00 to C$22.50 in a research report on Wednesday, May 8th. Raymond James restated a “market perform” rating and set a C$25.00 price target on shares of Gibson Energy in a report on Tuesday, May 7th. Finally, JPMorgan Chase & Co. upgraded Gibson Energy from a “neutral” rating to an “overweight” rating and raised their price target for the company from C$26.00 to C$27.00 in a report on Monday, June 17th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of C$24.54.

About Gibson Energy

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.

Recommended Story: What does a bar chart display?

Dividend History for Gibson Energy (TSE:GEI)

Receive News & Ratings for Gibson Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gibson Energy and related companies with's FREE daily email newsletter.