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

Gibson Energy (TSE:GEI) had its price target hoisted by TD Securities from C$26.00 to C$29.00 in a research report sent to investors on Wednesday,BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

A number of other equities research analysts have also issued reports on GEI. Canadian Imperial Bank of Commerce increased their price target on Gibson Energy from C$26.00 to C$30.00 in a research note on Wednesday, December 3rd. National Bank Financial set a C$29.00 price objective on Gibson Energy and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. BMO Capital Markets lifted their target price on Gibson Energy from C$25.00 to C$27.00 in a research note on Wednesday, December 3rd. Finally, Royal Bank Of Canada boosted their price target on Gibson Energy from C$26.00 to C$28.00 in a report on Wednesday, December 3rd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Gibson Energy has a consensus rating of “Moderate Buy” and a consensus price target of C$27.50.

Gibson Energy Price Performance

Shares of TSE:GEI opened at C$28.99 on Wednesday. The company has a market capitalization of C$4.75 billion, a P/E ratio of 31.51, a P/E/G ratio of 1.85 and a beta of 0.29. Gibson Energy has a 1-year low of C$19.63 and a 1-year high of C$29.10. The firm’s 50 day simple moving average is C$26.27 and its two-hundred day simple moving average is C$25.58. The company has a debt-to-equity ratio of 278.33, a current ratio of 0.70 and a quick ratio of 0.87.

Insider Buying and Selling

In other news, Director Craig Richardson purchased 1,000 shares of the business’s stock in a transaction on Monday, December 15th. The stock was acquired at an average price of C$26.07 per share, for a total transaction of C$26,070.00. Following the acquisition, the director directly owned 2,000 shares of the company’s stock, valued at C$52,140. This represents a 100.00% increase in their position. 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.