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

Gibson Energy Inc. (TSE:GEI) Director Curtis Philippon purchased 25,000 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was purchased 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 purchased 40,000 shares of Gibson Energy stock. The stock was purchased at an average price of C$25.46 per share, for a total transaction of C$1,018,400.00.

Gibson Energy Stock Performance

Shares of GEI stock opened at C$21.27 on Friday. The firm has a market capitalization of C$3.47 billion, a PE ratio of 16.40, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25. The firm has a fifty day simple moving average of C$24.57 and a two-hundred day simple moving average of C$23.39. The company has a current ratio of 0.70, a quick ratio of 0.87 and a debt-to-equity ratio of 278.33. Gibson Energy Inc. has a 12 month low of C$20.83 and a 12 month high of C$26.10.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GEI. National Bankshares downgraded shares of Gibson Energy from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from C$29.00 to C$24.00 in a research report on Wednesday. Wells Fargo & Company lowered shares of Gibson Energy from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, December 18th. TD Securities lowered their price objective on shares of Gibson Energy from C$25.00 to C$24.00 and set a “hold” rating for the company in a research note on Thursday. ATB Capital lowered their price objective on shares of Gibson Energy from C$28.00 to C$26.00 and set an “outperform” rating for the company in a research note on Thursday. Finally, BMO Capital Markets upgraded shares of Gibson Energy from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from C$25.50 to C$28.00 in a research note on Thursday, December 5th. Five equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Gibson Energy presently has a consensus 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.