TD Securities Forecasts Strong Price Appreciation for Gibson Energy (TSE:GEI) Stock

Gibson Energy (TSE:GEI) had its price objective hoisted by research analysts at TD Securities from C$23.00 to C$26.00 in a research note issued on Monday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ target price indicates a potential upside of 1.29% from the stock’s previous close.

Other equities analysts have also recently issued reports about the stock. Scotiabank cut shares of Gibson Energy from an “outperform” rating to a “hold” rating and decreased their target price for the company from C$27.00 to C$25.00 in a research note on Monday, October 20th. National Bankshares set a C$29.00 price objective on shares of Gibson Energy and gave the company an “outperform” rating in a research report on Wednesday, December 17th. BMO Capital Markets upped their target price on shares of Gibson Energy from C$25.00 to C$27.00 in a report on Wednesday, December 3rd. CIBC raised their target price on shares of Gibson Energy from C$26.00 to C$30.00 in a research note on Wednesday, December 3rd. Finally, Royal Bank Of Canada lifted their price target on Gibson Energy from C$26.00 to C$28.00 in a report on Wednesday, December 3rd. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$27.23.

Gibson Energy Price Performance

Gibson Energy stock opened at C$25.67 on Monday. The company has a current ratio of 0.70, a quick ratio of 0.87 and a debt-to-equity ratio of 278.33. The firm has a market capitalization of C$4.21 billion, a P/E ratio of 27.90, a PEG ratio of 1.85 and a beta of 0.22. The business has a 50-day moving average of C$25.02 and a 200-day moving average of C$25.07. Gibson Energy has a 1 year low of C$19.63 and a 1 year high of C$27.37.

Gibson Energy (TSE:GEI) last posted its earnings results on Monday, November 3rd. The company reported C$0.28 earnings per share (EPS) for the quarter. The firm had revenue of C$2.88 billion during the quarter. Gibson Energy had a return on equity of 22.60% and a net margin of 1.73%.

Insiders Place Their Bets

In other Gibson Energy news, Director Craig Richardson bought 1,000 shares of Gibson Energy stock in a transaction on Monday, December 15th. The shares were purchased at an average price of C$26.07 per share, with a total value of C$26,070.00. Following the acquisition, the director owned 2,000 shares in the company, valued at C$52,140. This trade represents a 100.00% increase in their position. 0.85% of the stock is owned by corporate insiders.

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.