Gibson Energy Director Makes Significant Stock Purchase

Gibson Energy Inc. (TSE:GEI) reported a notable stock transaction on February 21st, where Director Curtis Philippon acquired 25,000 shares of the company's stock. The shares were purchased at an average price of C$21.20, resulting in a total investment of C$530,000. This move reflects Philippon's confidence in the company's future performance.

Current Stock Performance

As of Friday, the shares of Gibson Energy opened at C$21.27. The company currently holds a quick ratio of 0.87 and a current ratio of 0.70, indicating its short-term financial stability. The debt-to-equity ratio stands at a high 278.33, suggesting significant leverage. Over the last year, the stock reached a low of C$20.83 and a high of C$26.10. The fifty-day simple moving average is C$24.57, while the 200-day simple moving average stands at C$23.39. Gibson Energy currently maintains a market capitalization of C$3.47 billion and a price-to-earnings (PE) ratio of 16.40.

Analyst Opinions

Analysts have been monitoring Gibson Energy closely and have issued various reports. Recently, Jefferies Financial Group reduced their price target for the stock from C$26.00 to C$23.00, suggesting a hold rating. Meanwhile, Raymond James adjusted their target from C$30.50 to C$29.50, keeping a strong buy rating. CIBC also lowered their price target from C$29.00 to C$27.00 with an outperform rating. ATB Capital and Scotiabank have similarly adjusted their targets to C$26.00 while maintaining outperform ratings. The consensus among analysts indicates five hold ratings, seven buy ratings, and one strong buy rating, with a moderate buy average rating and a target price of C$25.86, according to MarketBeat.com.

About Gibson Energy

Gibson Energy Inc., along with its subsidiaries, is involved in the collection, storage, optimization, processing, and marketing of liquids and refined products throughout Canada and the United States. The company operates through distinct segments, including Infrastructure and Marketing. The Infrastructure segment oversees a network of liquid assets, which includes oil terminals, rail loading and unloading facilities, and crude oil processing facilities.

Gibson, Energy, Stock