TD Securities Upgrades Gibson Energy (TSE:GEI) to “Strong-Buy”

TD Securities upgraded shares of Gibson Energy (TSE:GEI) from a hold rating to a strong-buy rating in a report released on Monday morning,Zacks.com reports.

A number of other research analysts have also issued reports on GEI. National Bank Financial lowered shares of Gibson Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 19th. National Bankshares downgraded Gibson Energy from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from C$29.00 to C$24.00 in a research report on Wednesday, February 19th. BMO Capital Markets upgraded Gibson Energy from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from C$25.50 to C$28.00 in a research note on Thursday, December 5th. Raymond James cut their target price on Gibson Energy from C$30.50 to C$29.50 and set a “strong-buy” rating for the company in a research report on Thursday, February 20th. Finally, Scotiabank reduced their target price on Gibson Energy from C$27.00 to C$26.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$25.86.

Gibson Energy Trading Up 0.0 %

Shares of Gibson Energy stock opened at C$21.46 on Monday. Gibson Energy has a 52-week low of C$20.83 and a 52-week high of C$26.10. The stock has a market cap of C$3.50 billion, a PE ratio of 16.55, a PEG ratio of 1.85 and a beta of 1.25. The firm has a 50-day moving average of C$24.39 and a 200-day moving average of C$23.39. The company has a debt-to-equity ratio of 278.33, a quick ratio of 0.87 and a current ratio of 0.70.

Insider Buying and Selling

In related news, Senior Officer Riley Hicks bought 8,900 shares of the firm’s stock in a transaction on Friday, February 21st. The shares were purchased at an average price of C$21.10 per share, with a total value of C$187,790.00. Also, Senior Officer Kelly Holtby purchased 2,010 shares of the stock in a transaction dated Monday, December 30th. The shares were bought at an average price of C$24.85 per share, with a total value of C$49,948.50. Insiders acquired a total of 75,910 shares of company stock worth $1,786,139 in the last ninety days. 0.85% of the stock is owned by insiders.

Gibson Energy Company Profile

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.