Gibson Energy (TSE:GEI) Stock Price Expected to Rise, TD Securities Analyst Says

Gibson Energy (TSE:GEI) had its price target lifted by TD Securities from C$26.00 to C$29.00 in a report issued on Wednesday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ price objective would indicate a potential upside of 0.97% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. Royal Bank Of Canada upped their price target on shares of Gibson Energy from C$26.00 to C$28.00 in a report on Wednesday, December 3rd. National Bank Financial 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. Canadian Imperial Bank of Commerce upped 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, BMO Capital Markets increased their target price on Gibson Energy from C$25.00 to C$27.00 in a report on Wednesday, December 3rd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$27.50.

Gibson Energy Stock Up 2.9%

Shares of Gibson Energy stock opened at C$28.72 on Wednesday. The company has a market capitalization of C$4.71 billion, a P/E ratio of 31.22, a price-to-earnings-growth ratio of 1.85 and a beta of 0.29. 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 business has a 50-day moving average of C$26.21 and a two-hundred day moving average of C$25.56. Gibson Energy has a 1 year low of C$19.63 and a 1 year high of C$28.72.

Insider Buying and Selling at Gibson Energy

In other news, Director Craig Richardson bought 1,000 shares of the company’s stock in a transaction dated Monday, December 15th. The shares were bought at an average cost 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 ownership of the stock. 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.