Gibson Energy Inc. (TSE:GEI) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Gibson Energy Inc. (TSE:GEI) have been assigned a consensus rating of “Moderate Buy” from the twelve analysts that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$27.23.

A number of analysts have recently issued reports on GEI shares. BMO Capital Markets raised their target price on shares of Gibson Energy from C$25.00 to C$27.00 in a research note on Wednesday, December 3rd. Natl Bk Canada raised shares of Gibson Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 2nd. CIBC raised their price objective on shares of Gibson Energy from C$26.00 to C$30.00 in a research report on Wednesday, December 3rd. National Bankshares set a C$29.00 price objective on Gibson Energy and gave the stock an “outperform” rating in a report on Wednesday, December 17th. Finally, Royal Bank Of Canada upped their target price on Gibson Energy from C$26.00 to C$28.00 in a research report on Wednesday, December 3rd.

Gibson Energy Stock Performance

GEI opened at C$26.20 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.70 and a debt-to-equity ratio of 278.33. Gibson Energy has a 12-month low of C$19.63 and a 12-month high of C$27.37. The business has a 50 day moving average of C$25.41 and a 200-day moving average of C$25.18. The stock has a market cap of C$4.29 billion, a price-to-earnings ratio of 28.48, a PEG ratio of 1.85 and a beta of 0.22.

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

Insider Transactions at Gibson Energy

In other news, Director Craig Richardson purchased 1,000 shares of Gibson Energy stock in a transaction that occurred on Monday, December 15th. The stock was acquired at an average cost of C$26.07 per share, for a total transaction of C$26,070.00. Following the purchase, the director directly owned 2,000 shares of the company’s stock, valued at C$52,140. This trade represents a 100.00% increase in their position. 0.85% of the stock is owned by company 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.