Insider Buying: Gibson Energy Inc. (TSE:GEI) Senior Officer Acquires 2,255 Shares of Stock

Gibson Energy Inc. (TSE:GEI) Senior Officer David Bruce Gosse bought 2,255 shares of the firm’s stock in a transaction on Monday, June 9th. The stock was purchased at an average price of C$23.50 per share, with a total value of C$52,992.50.

David Bruce Gosse also recently made the following trade(s):

• On Monday, May 26th, David Bruce Gosse bought 2,205 shares of Gibson Energy stock. The stock was purchased at an average price of C$22.72 per share, with a total value of C$50,089.66.

Gibson Energy Stock Performance

GEI stock opened at C$23.93 on Thursday. The company has a debt-to-equity ratio of 278.33, a quick ratio of 0.87 and a current ratio of 0.70. The stock has a market cap of C$3.90 billion, a P/E ratio of 18.45, a P/E/G ratio of 1.85 and a beta of 1.25. The firm has a 50 day simple moving average of C$22.12 and a 200 day simple moving average of C$23.11. Gibson Energy Inc. has a 52 week low of C$19.63 and a 52 week high of C$26.10.

Gibson Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Monday, June 30th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 7.19%. Gibson Energy’s dividend payout ratio (DPR) is presently 126.47%.

Wall Street Analyst Weigh In

Several research analysts have commented on GEI shares. Raymond James decreased their target price on shares of Gibson Energy from C$30.50 to C$29.50 and set a “strong-buy” rating for the company in a report on Thursday, February 20th. TD Securities upgraded shares of Gibson Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, February 24th. Scotiabank decreased their target price on shares of Gibson Energy from C$27.00 to C$26.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. National Bankshares cut shares of Gibson Energy from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from C$29.00 to C$24.00 in a report on Wednesday, February 19th. Finally, ATB Capital decreased their price target on shares of Gibson Energy from C$28.00 to C$26.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$25.85.

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.