Gibson Energy Inc. (TSE:GEI) Director Purchases C$530,000.00 in Stock

Gibson Energy Inc. (TSE:GEI) Director Curtis Philippon bought 25,000 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were purchased at an average price of C$21.20 per share, with a total value of C$530,000.00.

Curtis Philippon also recently made the following trade(s):

• On Monday, December 9th, Curtis Philippon bought 40,000 shares of Gibson Energy stock. The shares were purchased at an average price of C$25.46 per share, with a total value of C$1,018,400.00.

Gibson Energy Stock Up 0.6 %

GEI stock opened at C$21.27 on Monday. The stock has a market capitalization of C$3.47 billion, a P/E ratio of 16.40, a PEG ratio of 1.85 and a beta of 1.25. The company has a debt-to-equity ratio of 278.33, a quick ratio of 0.87 and a current ratio of 0.70. Gibson Energy Inc. has a one year low of C$20.83 and a one year high of C$26.10. The company has a 50 day moving average price of C$24.57 and a two-hundred day moving average price of C$23.40.

Wall Street Analyst Weigh In

GEI has been the topic of several research reports. CIBC dropped their price objective on Gibson Energy from C$29.00 to C$27.00 and set an “outperform” rating on the stock in a report on Thursday. Jefferies Financial Group dropped their price objective on Gibson Energy from C$26.00 to C$23.00 and set a “hold” rating on the stock in a report on Thursday. BMO Capital Markets raised Gibson Energy from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from C$25.50 to C$28.00 in a report on Thursday, December 5th. Scotiabank dropped their price objective on Gibson Energy from C$27.00 to C$26.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, National Bankshares lowered Gibson Energy from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from C$29.00 to C$24.00 in a report on Wednesday, February 19th. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Gibson Energy has an average rating of “Moderate Buy” and an average target price of C$25.86.

Gibson Energy Company Profile

Gibson Energy Inc, together with its subsidiaries, engages in the gathering, storage, optimization, processing, and marketing of liquids and refined products in Canada and the United States. It operates through Infrastructure and Marketing segments. The Infrastructure segment operates a network of liquid infrastructure assets that include oil terminals, rail loading and unloading facilities, gathering pipelines, a crude oil processing facility, and other terminals.