Gibson Energy Inc. (TSE:GEI) Senior Officer Buys C$52,992.50 in Stock

Gibson Energy Inc. (TSE:GEI - Get Free Report) Senior Officer David Bruce Gosse purchased 2,255 shares of the business's stock in a transaction that occurred on Monday, June 9th. The stock was bought at an average price of C$23.50 per share, for a total transaction 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 acquired at an average cost of C$22.72 per share, with a total value of C$50,089.66.

Gibson Energy Stock Performance

Gibson Energy stock traded up C$0.22 during trading on Friday, reaching C$24.74. The company had a trading volume of 1,295,853 shares, compared to its average volume of 761,079. Gibson Energy Inc. has a 52 week low of C$19.63 and a 52 week high of C$26.10. The firm's 50-day simple moving average is C$22.28 and its 200 day simple moving average is C$23.13. The firm has a market capitalization of C$4.04 billion, a price-to-earnings ratio of 19.08, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25. The company has a current ratio of 0.70, a quick ratio of 0.87 and a debt-to-equity ratio of 278.33.

Gibson Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Monday, June 30th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 6.95%. Gibson Energy's dividend payout ratio is currently 126.47%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Royal Bank of Canada lowered their target price on shares of Gibson Energy from C$28.00 to C$26.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. Raymond James decreased their price objective 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. Scotiabank lowered their price objective on shares of Gibson Energy from C$27.00 to C$26.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. National Bankshares cut shares of Gibson Energy from an "outperform" rating to a "sector perform" rating and dropped their target price for the stock from C$29.00 to C$24.00 in a report on Wednesday, February 19th. Finally, TD Securities raised shares of Gibson Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 24th. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target 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.