Insider Buying: Gibson Energy Inc. (TSE:GEI) Director Buys 25,000 Shares of Stock

Gibson Energy Inc. (TSE:GEI) Director Curtis Philippon acquired 25,000 shares of the stock in a transaction on Friday, February 21st. The shares were acquired at an average price of C$21.20 per share, for a total transaction 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 acquired at an average cost of C$25.46 per share, with a total value of C$1,018,400.00.

Gibson Energy Stock Performance

Shares of Gibson Energy stock traded up C$0.01 on Friday, reaching C$21.15. 300,044 shares of the company traded hands, compared to its average volume of 740,439. The company has a debt-to-equity ratio of 278.33, a current ratio of 0.70 and a quick ratio of 0.87. The firm has a market capitalization of C$3.45 billion, a PE ratio of 16.31, a PEG ratio of 1.85 and a beta of 1.25. The company has a 50 day moving average of C$24.64 and a 200 day moving average of C$23.40. Gibson Energy Inc. has a 52 week low of C$20.83 and a 52 week high of C$26.10.

Analysts Set New Price Targets

A number of equities analysts have issued reports on GEI shares. Scotiabank cut their price target on Gibson Energy from C$27.00 to C$26.00 and set an “outperform” rating for the company in a research note on Thursday. Wells Fargo & Company cut Gibson Energy from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, December 18th. ATB Capital lowered their price target on Gibson Energy from C$28.00 to C$26.00 and set an “outperform” rating for the company in a research report on Thursday. Jefferies Financial Group dropped their price target on shares of Gibson Energy from C$26.00 to C$23.00 and set a “hold” rating on the stock in a research report on Thursday. Finally, CIBC cut their price target on shares of Gibson Energy from C$29.00 to C$27.00 and set an “outperform” rating on the stock in a report on Thursday. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$25.86.

About Gibson Energy

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.