Gibson Energy Inc. (TSE:GEI) Director Curtis Philippon Buys 25,000 Shares

Gibson Energy Inc. (TSE:GEI) Director Curtis Philippon bought 25,000 shares of Gibson Energy stock in a transaction dated Friday, February 21st. The stock was acquired at an average price of C$21.20 per share, with a total value 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 shares were acquired at an average price of C$25.46 per share, for a total transaction of C$1,018,400.00.

Gibson Energy Price Performance

Shares of Gibson Energy stock traded up C$0.01 during trading on Friday, hitting C$21.15. 300,044 shares of the stock traded hands, compared to its average volume of 740,439. The stock has a market cap of C$3.45 billion, a price-to-earnings ratio of 16.31, a PEG ratio of 1.85 and a beta of 1.25. The company has a quick ratio of 0.87, a current ratio of 0.70 and a debt-to-equity ratio of 278.33. Gibson Energy Inc. has a 52 week low of C$20.83 and a 52 week high of C$26.10. The firm’s fifty day moving average is C$24.64 and its 200-day moving average is C$23.40.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on GEI. Scotiabank lowered their target price on shares of Gibson Energy from C$27.00 to C$26.00 and set an “outperform” rating on the stock in a report on Thursday. BMO Capital Markets raised Gibson Energy from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from C$25.50 to C$28.00 in a report on Thursday, December 5th. CIBC cut their target price on Gibson Energy from C$29.00 to C$27.00 and set an “outperform” rating for the company in a research note on Thursday. Jefferies Financial Group decreased their target price on shares of Gibson Energy from C$26.00 to C$23.00 and set a “hold” rating on the stock in a report on Thursday. Finally, Raymond James dropped their price objective on Gibson Energy from C$30.50 to C$29.50 and set a “strong-buy” rating for the company in a research note on Thursday. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$25.86.

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.