Gibson Energy Inc. (TSE:GEI) had its price target reduced by Raymond James Financial, Inc. from C$22.00 to C$21.00 in a research note issued to investors on Friday. They currently have an outperform rating on the stock.

Several other brokerages also recently commented on GEI. CIBC decreased their target price on shares of Gibson Energy from C$19.00 to C$18.00 in a research note on Monday, July 24th. National Bank Financial reduced their price objective on shares of Gibson Energy from C$19.00 to C$18.00 and set a sector perform rating on the stock in a research report on Thursday, November 9th. BMO Capital Markets reduced their price objective on shares of Gibson Energy from C$20.00 to C$18.00 in a research report on Wednesday, July 19th. Finally, TD Securities reduced their price objective on shares of Gibson Energy from C$19.50 to C$18.50 and set a hold rating on the stock in a research report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of C$18.88.

Gibson Energy (GEI) opened at C$16.35 on Friday. Gibson Energy has a one year low of C$15.57 and a one year high of C$20.31.

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The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 17th. Shareholders of record on Friday, December 29th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 8.07%. The ex-dividend date is Thursday, December 28th. Gibson Energy’s payout ratio is currently -244.44%.

In other news, Director Sean William Duffee sold 5,000 shares of the company’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of C$17.70, for a total value of C$88,500.00. Insiders sold a total of 27,781 shares of company stock worth $88,500 over the last ninety days.

Gibson Energy Company Profile

Gibson Energy Inc is a Canada-based integrated service provider to the oil and gas industry with operations across producing regions throughout North America. The Company is engaged in the movement, storage, blending, processing, marketing and distribution of crude oil, condensate, natural gas liquids (NGLs), water, oilfield waste and refined products.

Analyst Recommendations for Gibson Energy (TSE:GEI)

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