Gibson Energy (TSE:GEI) had its target price increased by CIBC from C$16.00 to C$17.50 in a research report sent to investors on Thursday morning.

A number of other brokerages have also weighed in on GEI. GMP Securities lifted their target price on shares of Gibson Energy from C$20.75 to C$21.00 in a research note on Wednesday, December 6th. National Bank Financial cut their target price 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 note on Thursday, November 9th. TD Securities cut their target price on shares of Gibson Energy from C$18.50 to C$17.50 and set a hold rating on the stock in a research note on Friday, November 10th. Scotiabank cut their target price 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 note on Friday, November 10th. Finally, Raymond James Financial cut their target price on shares of Gibson Energy from C$22.00 to C$21.00 and set an outperform rating on the stock in a research note on Friday, November 10th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of C$19.05.

Shares of Gibson Energy (TSE GEI) opened at C$19.00 on Thursday. The firm has a market cap of $2,720.00, a PE ratio of -35.19 and a beta of 0.59. Gibson Energy has a 52 week low of C$15.92 and a 52 week high of C$20.31.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 17th. Investors of record on Friday, December 29th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 6.95%. The ex-dividend date is Thursday, December 28th. Gibson Energy’s payout ratio is currently -244.44%.

In other Gibson Energy news, Director James Estey acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were acquired at an average price of C$16.80 per share, with a total value of C$168,000.00.

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About Gibson Energy

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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