Gibson Energy Inc. Director Invests C$530,000 in Company Shares

On February 21st, 2023, Gibson Energy Inc. (TSE:GEI) saw its Director, Curtis Philippon, make a significant investment by purchasing 25,000 shares of the company’s stock. The shares were acquired at an average price of C$21.20 each, culminating in a total expenditure of C$530,000.

Gibson Energy Stock Performance

Following the news, Gibson Energy's stock opened at C$21.27 on Friday. The company's quick ratio stands at 0.87, and its current ratio is 0.70, indicating financial stability. Gibson Energy also has a notably high debt-to-equity ratio of 278.33. Over the past year, the stock has experienced a low of C$20.83 and a high of C$26.10. Additionally, the company's fifty-day simple moving average is C$24.57, with a 200-day simple moving average of C$23.39, reflecting fluctuations in stock price. The market capitalization of Gibson Energy is reported at C$3.47 billion, with a PE ratio of 16.40 and a price-to-earnings-growth ratio of 1.85.

Analysts' Insights on Gibson Energy

Recent analysis on Gibson Energy by Wall Street experts has led to varied price objectives regarding the stock’s future price. Jefferies Financial Group lowered its target price from C$26.00 to C$23.00 and assigned a "hold" rating. Similarly, Raymond James adjusted their target from C$30.50 to C$29.50 while keeping a "strong-buy" rating. CIBC also downgraded their price objective from C$29.00 to C$27.00 with an "outperform" rating. Additional adjustments from ATB Capital and Scotiabank highlighted a target drop from C$28.00 to C$26.00 and from C$27.00 to C$26.00, respectively, both maintaining "outperform" ratings. Overall, analysis indicates that five analysts recommend holding the stock, seven favor buying it, and one has issued a strong buy evaluation. MarketBeat reports an average rating of "Moderate Buy" with a consensus target price of C$25.86.

About Gibson Energy Inc.

Gibson Energy Inc., along with its subsidiaries, specializes in the gathering, storage, optimization, processing, and marketing of liquids and refined products in Canada and the U.S. Its operations are divided into two main segments: Infrastructure and Marketing. The Infrastructure division manages a vast network of liquid infrastructure assets, which includes oil terminals, rail loading and unloading stations, gathering pipelines, and a crude oil processing facility.

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