Curtis Philippon Purchases 40,000 Shares of Gibson Energy Inc. (TSE:GEI) Stock

Gibson Energy Inc. (TSE:GEI) Director Curtis Philippon acquired 40,000 shares of Gibson Energy stock in a transaction on Monday, December 9th. The stock was purchased at an average cost of C$25.46 per share, for a total transaction of C$1,018,400.00.

Gibson Energy Trading Down 1.7 %

TSE:GEI traded down C$0.43 during midday trading on Monday, hitting C$25.16. The stock had a trading volume of 186,785 shares, compared to its average volume of 583,501. Gibson Energy Inc. has a one year low of C$19.42 and a one year high of C$26.10. The company has a market capitalization of C$4.10 billion, a price-to-earnings ratio of 24.14, a PEG ratio of 1.85 and a beta of 1.25. The stock has a 50-day moving average of C$23.27 and a 200 day moving average of C$22.73. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 292.01.

Gibson Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 6.52%. The ex-dividend date is Tuesday, December 31st. Gibson Energy’s dividend payout ratio (DPR) is presently 154.72%.

Analysts Set New Price Targets

GEI has been the topic of a number of research reports. Raymond James lifted their price objective on Gibson Energy from C$28.50 to C$30.00 in a research note on Thursday. CIBC lifted their price objective on Gibson Energy from C$27.00 to C$29.00 in a research note on Thursday. JPMorgan Chase & Co. lowered their price target on Gibson Energy from C$27.00 to C$26.00 in a research report on Wednesday, October 2nd. Jefferies Financial Group boosted their price objective on shares of Gibson Energy from C$25.00 to C$26.00 in a research report on Thursday. Finally, Scotiabank upped their price target on shares of Gibson Energy from C$25.00 to C$26.00 in a report on Thursday. Nine analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$26.70.

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.