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

Shares of Gibson Energy Inc. (TSE:GEI) have received an average recommendation of “Moderate Buy” from the ten research firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$27.50.

A number of brokerages have issued reports on GEI. Royal Bank Of Canada increased their price target on Gibson Energy from C$26.00 to C$28.00 in a research note on Wednesday, December 3rd. TD Securities upped their price objective on Gibson Energy from C$26.00 to C$29.00 and gave the company a “hold” rating in a report on Wednesday. National Bank Financial set a C$29.00 target price on Gibson Energy and gave the company an “outperform” rating in a research note on Wednesday, December 17th. Canadian Imperial Bank of Commerce boosted their price target on shares of Gibson Energy from C$26.00 to C$30.00 in a research report on Wednesday, December 3rd. Finally, BMO Capital Markets raised their price objective on shares of Gibson Energy from C$25.00 to C$27.00 in a research report on Wednesday, December 3rd.

Gibson Energy Trading Down 1.9%

Gibson Energy stock opened at C$27.91 on Thursday. Gibson Energy has a 12-month low of C$19.63 and a 12-month high of C$28.56. 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 stock has a market capitalization of C$4.57 billion, a PE ratio of 30.34, a price-to-earnings-growth ratio of 1.85 and a beta of 0.29. The firm has a 50 day simple moving average of C$26.15 and a 200-day simple moving average of C$25.53.

Insider Buying and Selling

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

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.