Gibson Energy Inc. (TSE:GEI) Receives C$27.50 Average Price Target from Brokerages

Shares of Gibson Energy Inc. (TSE:GEI) have been given an average rating of “Moderate Buy” by the ten research firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is C$27.50.

Several equities analysts have recently issued reports on the company. BMO Capital Markets boosted their target price on Gibson Energy from C$25.00 to C$27.00 in a research note on Wednesday, December 3rd. National Bank Financial set a C$29.00 price target on shares of Gibson Energy and gave the company an “outperform” rating in a report on Wednesday, December 17th. Canadian Imperial Bank of Commerce boosted their price objective on shares of Gibson Energy from C$26.00 to C$30.00 in a research report on Wednesday, December 3rd. Royal Bank Of Canada raised their target price on shares of Gibson Energy from C$26.00 to C$28.00 in a research report on Wednesday, December 3rd. Finally, TD Securities lifted their target price on shares of Gibson Energy from C$26.00 to C$29.00 and gave the company a “hold” rating in a research note on Wednesday.

Gibson Energy Stock Up 0.9%

TSE GEI opened at C$28.99 on Thursday. Gibson Energy has a 1 year low of C$19.63 and a 1 year high of C$29.10. The stock has a market capitalization of C$4.75 billion, a PE ratio of 31.51, a PEG ratio of 1.85 and a beta of 0.29. The company has a debt-to-equity ratio of 278.33, a current ratio of 0.70 and a quick ratio of 0.87. The business’s 50-day moving average is C$26.27 and its 200 day moving average is C$25.59.

Insiders Place Their Bets

In other news, Director Craig Richardson bought 1,000 shares of Gibson Energy stock in a transaction on Monday, December 15th. The shares were purchased at an average price of C$26.07 per share, for a total transaction of C$26,070.00. Following the acquisition, the director owned 2,000 shares of the company’s stock, valued at approximately C$52,140. The trade was a 100.00% increase in their ownership of the stock. Insiders own 0.85% of the company’s stock.

About Gibson Energy

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. Gibson Energy Inc services Canada and the United States, and the majority of revenue comes from the marketing segment.