Gibson Energy (TSE:GEI) Price Target Raised to C$29.00 at TD Securities

Gibson Energy (TSE:GEI) had its price objective raised by research analysts at TD Securities from C$26.00 to C$29.00 in a report released on Wednesday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. TD Securities’ price objective indicates a potential upside of 4.13% from the company’s previous close.

Several other equities analysts have also recently issued reports on GEI. Royal Bank Of Canada boosted their target price on Gibson Energy from C$26.00 to C$28.00 in a research note on Wednesday, December 3rd. BMO Capital Markets upped their price objective on shares of Gibson Energy from C$25.00 to C$27.00 in a report 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 research report on Wednesday, December 17th. Finally, Canadian Imperial Bank of Commerce raised their price objective on shares of Gibson Energy from C$26.00 to C$30.00 in a report on Wednesday, December 3rd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$27.50.

Gibson Energy Trading Down 2.1%

Shares of GEI stock traded down C$0.61 during mid-day trading on Wednesday, reaching C$27.85. The stock had a trading volume of 591,600 shares, compared to its average volume of 624,442. The firm has a market capitalization of C$4.56 billion, a PE ratio of 30.27, a price-to-earnings-growth ratio of 1.85 and a beta of 0.29. The stock’s 50-day moving average price is C$26.10 and its two-hundred day moving average price is C$25.52. 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 has a 52-week low of C$19.63 and a 52-week high of C$28.56.

Insider Transactions at Gibson Energy

In other news, Director Craig Richardson purchased 1,000 shares of the business’s stock in a transaction dated 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 completion of the acquisition, the director directly owned 2,000 shares in the company, valued at C$52,140. This represents a 100.00% increase in their position. Company insiders own 0.85% of the company’s stock.

Gibson Energy Company Profile

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.