Insider Buying: Gibson Energy Inc. (TSE:GEI) Senior Officer Purchases C$49,948.50 in Stock

Gibson Energy Inc. (TSE:GEI) Senior Officer Kelly Holtby acquired 2,010 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The shares were purchased at an average cost of C$24.85 per share, with a total value of C$49,948.50.

Gibson Energy Price Performance

Shares of Gibson Energy stock opened at C$24.48 on Thursday. The firm has a market cap of C$3.98 billion, a P/E ratio of 23.09, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25. The firm’s 50-day simple moving average is C$23.80 and its 200-day simple moving average is C$22.96. Gibson Energy Inc. has a twelve month low of C$20.26 and a twelve month high of C$26.10. The company has a debt-to-equity ratio of 292.01, a quick ratio of 0.87 and a current ratio of 1.18.

Gibson Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 6.70%. The ex-dividend date of this dividend is Tuesday, December 31st. Gibson Energy’s payout ratio is 154.72%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on GEI shares. Scotiabank lifted their price objective on Gibson Energy from C$25.00 to C$26.00 in a research note on Thursday, December 5th. Raymond James upped their price target on Gibson Energy from C$28.50 to C$30.00 in a report on Thursday, December 5th. Jefferies Financial Group increased their price objective on Gibson Energy from C$25.00 to C$26.00 in a research report on Thursday, December 5th. CIBC boosted their target price on shares of Gibson Energy from C$27.00 to C$29.00 in a research report on Thursday, December 5th. Finally, BMO Capital Markets raised shares of Gibson Energy from a “market perform” rating to an “outperform” rating and increased their price target for the company from C$25.50 to C$28.00 in a report on Thursday, December 5th. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of C$27.11.

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.