Gibson Energy (TSE:GEI) Given New C$27.00 Price Target at Scotiabank

Gibson Energy (TSE:GEI) had its price objective boosted by Scotiabank from C$26.00 to C$27.00 in a research note released on Thursday morning,BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

Several other research analysts also recently weighed in on the stock. Wells Fargo & Company downgraded shares of Gibson Energy from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, December 18th. Raymond James raised their price objective on shares of Gibson Energy from C$28.50 to C$30.00 in a research report on Thursday, December 5th. TD Securities set a C$25.00 price objective on shares of Gibson Energy and gave the company a “hold” rating in a research report on Wednesday, January 15th. Jefferies Financial Group downgraded shares of Gibson Energy from a “buy” rating to a “hold” rating in a research report on Thursday, January 30th. Finally, BMO Capital Markets upgraded shares of Gibson Energy from a “market perform” rating to an “outperform” rating and raised their price objective for the company from C$25.50 to C$28.00 in a research report on Thursday, December 5th. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Gibson Energy currently has an average rating of “Moderate Buy” and an average target price of C$27.00.

Gibson Energy Stock Up 0.3 %

GEI opened at C$23.95 on Thursday. 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 1-year low of C$20.42 and a 1-year high of C$26.10. The company has a market capitalization of C$3.91 billion, a PE ratio of 18.47, a PEG ratio of 1.85 and a beta of 1.25. The firm’s 50 day simple moving average is C$24.87 and its two-hundred day simple moving average is C$23.41.

Insider Activity at Gibson Energy

In related news, Director Curtis Philippon bought 40,000 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was bought at an average cost of C$25.46 per share, with a total value of C$1,018,400.00. Also, Senior Officer Kelly Holtby acquired 2,010 shares of the company’s stock in a transaction on Monday, December 30th. The stock was acquired at an average cost of C$24.85 per share, with a total value of C$49,948.50. 0.85% of the stock is currently owned by corporate insiders.

About Gibson Energy

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.