Recent Analysts’ Ratings Changes for Gibson Energy (GEI)

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Several brokerages have updated their recommendations and price targets on shares of Gibson Energy (TSE: GEI) in the last few weeks:

  • 10/16/2018 – Gibson Energy was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating. They now have a C$25.00 price target on the stock, up previously from C$22.00.
  • 10/16/2018 – Gibson Energy had its price target raised by analysts at Canaccord Genuity from C$22.00 to C$23.00.
  • 10/16/2018 – Gibson Energy had its price target raised by analysts at CIBC from C$19.00 to C$22.00.
  • 10/16/2018 – Gibson Energy had its price target raised by analysts at CSFB from C$24.00 to C$26.00.
  • 10/16/2018 – Gibson Energy had its price target raised by analysts at Industrial Alliance Securities from C$22.00 to C$23.50.
  • 10/5/2018 – Gibson Energy had its price target raised by analysts at Raymond James from C$18.50 to C$23.00.
  • 9/27/2018 – Gibson Energy had its price target raised by analysts at JPMorgan Chase & Co. from C$20.00 to C$23.00.
  • 9/21/2018 – Gibson Energy was upgraded by analysts at National Bank Financial from a “sector perform” rating to an “outperform” rating. They now have a C$23.00 price target on the stock, up previously from C$21.00.
  • 9/11/2018 – Gibson Energy had its price target raised by analysts at BMO Capital Markets from C$20.00 to C$21.00.

TSE GEI traded down C$0.51 on Tuesday, reaching C$21.79. The company had a trading volume of 634,342 shares, compared to its average volume of 321,484. Gibson Energy Inc. has a 12 month low of C$15.68 and a 12 month high of C$23.04.

Gibson Energy (TSE:GEI) last announced its quarterly earnings results on Wednesday, August 8th. The company reported C$0.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of C$0.10. The company had revenue of C$1.76 billion for the quarter, compared to the consensus estimate of C$1.64 billion. Gibson Energy had a negative net margin of 0.61% and a negative return on equity of 3.20%.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 17th. Shareholders of record on Friday, September 28th were paid a $0.33 dividend. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.06%.

In other Gibson Energy news, insider Sean Brown acquired 10,527 shares of the company’s stock in a transaction on Tuesday, August 21st. The stock was acquired at an average cost of C$19.78 per share, with a total value of C$208,224.06. Also, Director John Larry Festival acquired 9,000 shares of the company’s stock in a transaction on Tuesday, August 14th. The stock was acquired at an average cost of C$19.90 per share, with a total value of C$179,100.00.

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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