Gibson Energy Inc. (GEI) Price Target Increased to C$19.00 by Analysts at CIBC

Gibson Energy Inc. (TSE:GEI) had its price objective upped by CIBC from C$17.00 to C$19.00 in a research report released on Thursday morning.

Other equities analysts have also issued research reports about the company. National Bank Financial lifted their price target on Gibson Energy from C$17.00 to C$18.00 in a research note on Wednesday, January 25th. Royal Bank Of Canada restated a sector perform rating on shares of Gibson Energy in a research note on Wednesday, November 2nd. TD Securities lifted their price target on Gibson Energy from C$16.00 to C$17.00 and gave the company a hold rating in a research note on Thursday, November 3rd. Desjardins lifted their price target on Gibson Energy from C$21.00 to C$22.00 in a research note on Wednesday, December 21st. Finally, Scotiabank restated a sector perform rating and issued a C$17.00 price target on shares of Gibson Energy in a research note on Thursday, November 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. Gibson Energy has an average rating of Hold and an average price target of C$19.42.

Analyst Recommendations for Gibson Energy (TSE:GEI)

Shares of Gibson Energy (TSE:GEI) opened at 18.67 on Thursday. The stock has a 50 day moving average price of $19.12 and a 200 day moving average price of $17.73. Gibson Energy has a 1-year low of $13.95 and a 1-year high of $19.88. The company’s market capitalization is $2.65 billion.

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The business also recently declared a quarterly dividend, which was paid on Tuesday, January 17th. Stockholders of record on Tuesday, January 17th were given a $0.33 dividend. The ex-dividend date was Wednesday, December 28th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 7.07%.

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.

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