Gibson Energy Inc. (TSE:GEI) Price Target Lowered to C$18.00 at CIBC

Gibson Energy Inc. (TSE:GEI) had its target price trimmed by CIBC from C$19.00 to C$18.00 in a research note published on Monday morning.

Several other equities analysts have also weighed in on the company. BMO Capital Markets cut their price target on Gibson Energy from C$20.00 to C$18.00 in a research note on Wednesday, July 19th. AltaCorp Capital lowered Gibson Energy from an outperform rating to a sector perform rating in a research note on Monday, June 26th. TD Securities cut their price target on Gibson Energy from C$20.00 to C$19.50 and set a hold rating for the company in a research note on Wednesday, May 10th. Finally, Royal Bank Of Canada restated a sector perform rating on shares of Gibson Energy in a research note on Tuesday, May 9th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of Hold and an average target price of C$19.80.

Gibson Energy (TSE:GEI) opened at 16.20 on Monday. Gibson Energy has a 1-year low of $13.95 and a 1-year high of $20.31. The company’s market cap is $2.31 billion. The stock has a 50 day moving average price of $17.12 and a 200-day moving average price of $18.51.

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The company also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Monday, July 17th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 8.15%. The ex-dividend date was Wednesday, June 28th.

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.