Insider Buying: Gibson Energy Inc. (TSE:GEI) Senior Officer Acquires 2,010 Shares of Stock

Gibson Energy Inc. (TSE:GEI - Get Free Report) Senior Officer Kelly Holtby purchased 2,010 shares of the company's stock in a transaction that occurred on Monday, December 30th. The shares were acquired at an average cost of C$24.85 per share, for a total transaction of C$49,948.50.

Gibson Energy Stock Performance

TSE GEI traded up C$0.14 during midday trading on Monday, hitting C$24.84. The company had a trading volume of 466,844 shares, compared to its average volume of 598,704. The firm has a fifty day simple moving average of C$23.76 and a two-hundred day simple moving average of C$22.92. Gibson Energy Inc. has a fifty-two week low of C$20.26 and a fifty-two week high of C$26.10. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 292.01. The stock has a market cap of C$4.04 billion, a price-to-earnings ratio of 23.43, a P/E/G ratio of 1.85 and a beta of 1.25.

Gibson Energy Announces Dividend

The company also recently announced 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. The ex-dividend date is Tuesday, December 31st. This represents a $1.64 dividend on an annualized basis and a dividend yield of 6.60%. Gibson Energy's payout ratio is 154.72%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. CIBC increased their price objective on Gibson Energy from C$27.00 to C$29.00 in a report on Thursday, December 5th. Jefferies Financial Group upped their target price on Gibson Energy from C$25.00 to C$26.00 in a research report on Thursday, December 5th. Scotiabank lifted their price target on Gibson Energy from C$25.00 to C$26.00 in a report on Thursday, December 5th. Wells Fargo & Company downgraded Gibson Energy from an "overweight" rating to an "equal weight" rating in a report on Wednesday, December 18th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Gibson Energy from C$27.00 to C$26.00 in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of C$27.11.

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.