Gibson Energy Inc. Director Acquires C$530,000 in Company Stock

Gibson Energy Inc. (TSE:GEI) has recently attracted attention as its Director, Curtis Philippon, made a notable purchase of the company's stock. On February 21st, he acquired 25,000 shares at an average price of C$21.20 per share. This transaction totaled C$530,000, signaling a vote of confidence in the company's prospects.

Gibson Energy Stock Performance

On the same day, Gibson Energy's stock opened at C$21.27. The company displays a quick ratio of 0.87 and a current ratio of 0.70, with a substantial debt-to-equity ratio of 278.33. Over the past year, the stock has fluctuated, reaching a low of C$20.83 and a high of C$26.10. The fifty-day simple moving average stands at C$24.57, whereas the 200-day average is C$23.39. With a market capitalization of C$3.47 billion, the company's stock is currently valued with a P/E ratio of 16.40, a price-to-earnings-growth ratio of 1.85, and a beta of 1.25.

Analysts' Perspectives

Gibson Energy has been the subject of various assessments from research analysts. Recently, Jefferies Financial Group downgraded its price target for Gibson Energy from C$26.00 to C$23.00, maintaining a "hold" rating. Raymond James also adjusted their price objective, reducing it from C$30.50 to C$29.50, while retaining a "strong buy" rating. Likewise, CIBC and ATB Capital reduced their target prices to C$27.00 and C$26.00 respectively, both maintaining an "outperform" rating. Furthermore, Scotiabank adjusted their target from C$27.00 to C$26.00, also endorsing an "outperform" rating. Currently, five analysts suggest holding the stock, while seven advocate buying, and one issues a strong buy rating. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of C$25.86.

Overview of Gibson Energy

Gibson Energy Inc. operates in the gathering, storage, optimization, processing, and marketing of liquid and refined products, primarily in Canada and the United States. The company's operations are divided into two main segments: Infrastructure and Marketing. The Infrastructure segment oversees a wide array of liquid infrastructure assets, including oil terminals, rail facilities, gathering pipelines, and crude oil processing facilities.

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