Gibson Energy Inc. (TSE:GEI - Get Free Report) Director Curtis Philippon acquired 40,000 shares of the firm's stock in a transaction that occurred on Monday, December 9th. The shares were bought at an average cost of C$25.46 per share, with a total value of C$1,018,400.00.
Gibson Energy Stock Down 2.1 %
Shares of Gibson Energy stock opened at C$25.06 on Tuesday. The firm has a market cap of C$4.08 billion, a PE ratio of 23.64, a P/E/G ratio of 1.85 and a beta of 1.25. The business's 50 day simple moving average is C$23.32 and its 200 day simple moving average is C$22.75. The company has a debt-to-equity ratio of 292.01, a quick ratio of 0.87 and a current ratio of 1.18. Gibson Energy Inc. has a 52-week low of C$19.42 and a 52-week high of C$26.10.
Gibson Energy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be issued a $0.41 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.64 dividend on an annualized basis and a dividend yield of 6.54%. Gibson Energy's dividend payout ratio (DPR) is presently 154.72%.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on GEI. CIBC raised their target price on Gibson Energy from C$27.00 to C$29.00 in a report on Thursday, December 5th. National Bankshares raised their price objective on Gibson Energy from C$25.00 to C$26.00 and gave the stock an "outperform" rating in a research note on Friday, August 23rd. Royal Bank of Canada boosted their target price on Gibson Energy from C$27.00 to C$28.00 and gave the company an "outperform" rating in a research note on Thursday, October 3rd. BMO Capital Markets raised Gibson Energy from a "market perform" rating to an "outperform" rating and raised their price target for the stock from C$25.50 to C$28.00 in a research report on Thursday, December 5th. Finally, JPMorgan Chase & Co. decreased their price objective on Gibson Energy from C$27.00 to C$26.00 in a research report on Wednesday, October 2nd. Nine analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Gibson Energy currently has an average rating of "Buy" and a consensus price target of C$26.70.
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About Gibson Energy
(
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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.
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