Gibson Energy (TSE:GEI) has been given an average recommendation of “Hold” by the eleven ratings firms that are covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$20.39.

Several analysts recently weighed in on the stock. Canaccord Genuity lifted their price objective on shares of Gibson Energy from C$20.00 to C$22.00 in a research report on Monday. Royal Bank of Canada lifted their price objective on shares of Gibson Energy from C$20.00 to C$22.00 and gave the company a “sector perform” rating in a research report on Friday, August 10th. Desjardins lifted their price objective on shares of Gibson Energy from C$21.00 to C$22.00 in a research report on Friday, August 10th. GMP Securities lifted their price objective on shares of Gibson Energy from C$19.50 to C$22.25 in a research report on Friday, August 10th. Finally, TD Securities lifted their price objective on shares of Gibson Energy from C$18.00 to C$19.50 in a research report on Friday, August 10th.

Shares of Gibson Energy stock traded down C$0.03 during trading hours on Friday, reaching C$19.67. The company’s stock had a trading volume of 193,878 shares, compared to its average volume of 299,776. Gibson Energy has a one year low of C$15.68 and a one year high of C$20.17.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 17th. Investors of record on Friday, September 28th will be given a $0.33 dividend. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $1.32 annualized dividend and a yield of 6.71%.

In other news, Director John Larry Festival acquired 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 14th. The shares were purchased at an average cost of C$19.90 per share, for a total transaction of C$179,100.00.

About Gibson Energy

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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Analyst Recommendations for Gibson Energy (TSE:GEI)

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