Gibson Energy (TSE:GEI) Hits New 12-Month High on Analyst Upgrade

Gibson Energy Inc. (TSE:GEI)’s stock price reached a new 52-week high during mid-day trading on Thursday after TD Securities raised their price target on the stock from C$26.00 to C$29.00. TD Securities currently has a hold rating on the stock. Gibson Energy traded as high as C$28.56 and last traded at C$27.91, with a volume of 995541 shares. The stock had previously closed at C$28.46.

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

Insiders Place Their Bets

In other Gibson Energy news, Director Craig Richardson acquired 1,000 shares of Gibson Energy 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 purchase, the director owned 2,000 shares in the company, valued at C$52,140. This trade represents a 100.00% increase in their ownership of the stock. 0.85% of the stock is owned by corporate insiders.

Gibson Energy Trading Down 1.9%

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 stock has a market cap of C$4.57 billion, a P/E ratio of 30.34, a price-to-earnings-growth ratio of 1.85 and a beta of 0.29. The business’s fifty day simple moving average is C$26.15 and its 200 day simple moving average is C$25.53.

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.