Gibson Energy Inc. (GEI) PT Lowered to C$18.00 at BMO Capital Markets

Gibson Energy Inc. (TSE:GEI) had its target price cut by BMO Capital Markets from C$20.00 to C$18.00 in a research note released on Wednesday morning.

A number of other research firms have also recently commented on GEI. CIBC lowered their price target on shares of Gibson Energy from C$20.00 to C$19.00 in a report on Wednesday, May 10th. TD Securities lowered their price target on shares of Gibson Energy from C$20.00 to C$19.50 and set a hold rating on the stock in a report on Wednesday, May 10th. Royal Bank Of Canada reaffirmed a sector perform rating on shares of Gibson Energy in a report on Tuesday, May 9th. Finally, AltaCorp Capital cut shares of Gibson Energy from an outperform rating to a sector perform rating in a report on Monday, June 26th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of C$19.90.

Gibson Energy (GEI) opened at 16.33 on Wednesday. The firm’s market cap is $2.33 billion. Gibson Energy has a 12 month low of $13.95 and a 12 month high of $20.31. The firm’s 50-day moving average price is $17.22 and its 200-day moving average price is $18.55.

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The business also recently declared a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Monday, July 17th were issued a $0.33 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 8.08%.

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.