Gibson Energy Inc. (TSE:GEI) Receives C$25.86 Average PT from Analysts

Gibson Energy Inc. (TSE:GEI) has received an average recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$25.86.

Several brokerages have issued reports on GEI. Jefferies Financial Group cut their price objective on Gibson Energy from C$26.00 to C$23.00 and set a “hold” rating for the company in a research report on Thursday, February 20th. TD Securities upgraded Gibson Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 24th. CIBC cut their price objective on Gibson Energy from C$29.00 to C$27.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. National Bankshares downgraded Gibson Energy from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from C$29.00 to C$24.00 in a research report on Wednesday, February 19th. Finally, BMO Capital Markets raised Gibson Energy from a “market perform” rating to an “outperform” rating and lifted their target price for the company from C$25.50 to C$28.00 in a research note on Thursday, December 5th.

Gibson Energy Price Performance

Gibson Energy stock opened at C$21.38 on Thursday. 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 company has a market capitalization of C$3.49 billion, a PE ratio of 16.49, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25. Gibson Energy has a one year low of C$20.60 and a one year high of C$26.10. The business has a 50 day simple moving average of C$23.86 and a 200 day simple moving average of C$23.38.

Insider Buying and Selling

In other news, Senior Officer Kelly Holtby purchased 2,010 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were bought at an average cost of C$24.85 per share, for a total transaction of C$49,948.50. Also, Director Curtis Philippon purchased 25,000 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was purchased at an average price of C$21.20 per share, for a total transaction of C$530,000.00. Insiders purchased a total of 35,910 shares of company stock valued at $767,739 over the last three months. Company insiders own 0.85% of the company’s stock.

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.