Streetbeat News

GBNXF

Gibson Energy Inc

https://www.gibsonenergy.com/

CEO

Steven Spaulding

Industry

Pipeline Transportation of Crude Oil

Open

18.33

Mkt cap

2.8B

Volume

1.3K

High

18.33

P/E Ratio

19.02

52-wk high

18.92

Low

16.93

Div yield

0.07

52-wk low

13.13

Gibson Energy, a Canadian oil infrastructure company, is offering a 6.4% dividend yield supported by strong distributable cash flow and a low payout ratio. The company's financial health has improved due to strategic acquisitions and debt refinancing.

Portfolio Pulse from

December 06, 2024 | 3:45 pm

Gibson Energy offers a high yield with potential for dividend growth, trading at a reasonable valuation with recent insider buying. The company owns key oil terminal assets in Alberta and Texas, forming a significant moat in the energy infrastructure sector. Gibson's predictable cash flows from infrastructure assets and a low payout ratio support continued dividend growth, with a 6.5% yield and 5% annual growth since 2020.

Portfolio Pulse from

December 06, 2024 | 11:30 am

Gibson Energy has extended a long-term contract at its Gateway Terminal, increasing fixed revenue by 40%. The company also announced a $200 million growth capital plan and share buybacks for 2025.

Portfolio Pulse from

December 04, 2024 | 9:15 pm

CIBC analyst Robert Catellier has upgraded Gibson Energy (OTC:GBNXF) from Neutral to Outperformer and raised the price target from C$25 to C$27.

Portfolio Pulse from Benzinga Newsdesk

June 23, 2023 | 4:13 pm

Credit Suisse analyst Andrew Kuske maintains an Outperform rating on Gibson Energy (OTC:GBNXF) and raises the price target from C$25.5 to C$26.5.

Portfolio Pulse from Benzinga Newsdesk

June 15, 2023 | 3:57 pm

Gibson Energy plans to acquire the South Texas Gateway oil terminal for $1.1 billion in cash, expanding its footprint and connectivity to the Permian basin. The acquisition is expected to strengthen Gibson's infrastructure revenues and boost distributable cash flow per share.

Portfolio Pulse from Nabaparna Bhattacharya

June 15, 2023 | 2:09 pm

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