Insider Buying: Gibson Energy Inc. (TSE:GEI) Senior Officer Acquires 2,010 Shares of 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 bought at an average price of C$24.85 per share, for a total transaction of C$49,948.50.

Gibson Energy Trading Up 0.6 %

Shares of GEI opened at C$24.84 on Tuesday. Gibson Energy Inc. has a fifty-two week low of C$20.26 and a fifty-two week high of C$26.10. The firm has a market cap of C$4.04 billion, a price-to-earnings ratio of 23.43, a PEG ratio of 1.85 and a beta of 1.25. The firm has a 50 day moving average price of C$23.76 and a 200-day moving average price of C$22.92. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.64 dividend on an annualized basis and a dividend yield of 6.60%. Gibson Energy’s dividend payout ratio (DPR) is currently 154.72%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on GEI shares. Wells Fargo & Company cut Gibson Energy from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. decreased their target price on shares of Gibson Energy from C$27.00 to C$26.00 in a report on Wednesday, October 2nd. Scotiabank raised their price target on shares of Gibson Energy from C$25.00 to C$26.00 in a report on Thursday, December 5th. Raymond James upped their price target on shares of Gibson Energy from C$28.50 to C$30.00 in a report on Thursday, December 5th. Finally, Jefferies Financial Group lifted their price objective on Gibson Energy from C$25.00 to C$26.00 in a research note on Thursday, December 5th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$27.11.

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.