Gibson Energy Inc. (TSE:GEI) Director James Estey purchased 10,000 shares of Gibson Energy stock in a transaction that occurred on Tuesday, November 21st. The shares were bought at an average cost of C$16.80 per share, for a total transaction of C$168,000.00.

Shares of Gibson Energy Inc. (TSE:GEI) traded up C$0.37 during midday trading on Thursday, hitting C$17.00. The stock had a trading volume of 242,134 shares, compared to its average volume of 247,990. Gibson Energy Inc. has a 1-year low of C$15.92 and a 1-year high of C$20.31.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 17th. Stockholders of record on Friday, December 29th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 7.76%. Gibson Energy’s dividend payout ratio (DPR) is -244.44%.

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A number of brokerages have issued reports on GEI. Canaccord Genuity cut their target price on Gibson Energy from C$20.00 to C$19.50 in a research report on Monday, November 13th. CIBC cut their target price on Gibson Energy from C$19.00 to C$16.00 and set an “underperform” rating on the stock in a research report on Monday, November 13th. Desjardins cut their target price on Gibson Energy from C$22.00 to C$20.00 in a research report on Monday, November 13th. GMP Securities cut their target price on Gibson Energy from C$21.00 to C$20.75 in a research report on Monday, November 13th. Finally, TD Securities cut their target price on Gibson Energy from C$18.50 to C$17.50 and set a “hold” rating on the stock in a research report on Friday, November 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of C$18.88.

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.

Insider Buying and Selling by Quarter for Gibson Energy (TSE:GEI)

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