Insider Buying: Gibson Energy (TSE:GEI) Director Buys 1,000 Shares of Stock

Gibson Energy Inc. (TSE:GEI) Director Craig Richardson bought 1,000 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The shares were purchased at an average cost of C$26.07 per share, with a total value of C$26,070.00. Following the purchase, the director directly owned 2,000 shares of the company’s stock, valued at approximately C$52,140. This represents a 100.00% increase in their ownership of the stock.

Gibson Energy Price Performance

Gibson Energy stock traded down C$0.22 during midday trading on Monday, hitting C$25.79. The company’s stock had a trading volume of 128,788 shares, compared to its average volume of 676,210. Gibson Energy Inc. has a 12 month low of C$19.63 and a 12 month high of C$27.37. The company has a quick ratio of 0.87, a current ratio of 0.70 and a debt-to-equity ratio of 278.33. The company has a market capitalization of C$4.23 billion, a PE ratio of 28.03, a price-to-earnings-growth ratio of 1.85 and a beta of 0.23. The stock’s 50-day moving average price is C$24.52 and its 200-day moving average price is C$24.84.

Gibson Energy (TSE:GEI) last posted its quarterly earnings data on Monday, November 3rd. The company reported C$0.28 earnings per share for the quarter. Gibson Energy had a net margin of 1.73% and a return on equity of 22.60%. The company had revenue of C$2.88 billion during the quarter.

Wall Street Analysts Forecast Growth

GEI has been the topic of several research reports. BMO Capital Markets upped their price target on Gibson Energy from C$25.00 to C$27.00 in a report on Wednesday, December 3rd. Scotiabank cut Gibson Energy from an “outperform” rating to a “hold” rating and decreased their target price for the stock from C$27.00 to C$25.00 in a report on Monday, October 20th. Royal Bank Of Canada boosted their target price on Gibson Energy from C$26.00 to C$28.00 in a research report on Wednesday, December 3rd. TD Securities decreased their price target on Gibson Energy from C$24.00 to C$23.00 and set a “hold” rating for the company in a research report on Tuesday, November 4th. Finally, JPMorgan Chase & Co. lifted their price target on Gibson Energy from C$24.00 to C$25.00 and gave the stock an “underweight” rating in a research note on Wednesday, August 20th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$26.59.

Gibson Energy Company Profile

Gibson Energy Inc is an oil infrastructure company that collects, stores, and processes crude oil and refined products. Reportable segments include marketing, which deals with buying, selling, and optimizing products such as crude oil, natural gas liquid, road asphalt, and oil-based mud product; and infrastructure, which makes up a system of oil terminals, rail loading facilities, pipelines, and an oil processing facility.