TD Securities Issues Positive Forecast for Gibson Energy (TSE:GEI) Stock Price

Gibson Energy (TSE:GEI) had its price target raised by analysts at TD Securities from C$26.00 to C$29.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. TD Securities’ target price points to a potential upside of 4.13% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the stock. BMO Capital Markets boosted their target price on shares of 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 objective on Gibson Energy from C$26.00 to C$30.00 in a research report on Wednesday, December 3rd. Royal Bank Of Canada boosted their price target 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 price objective on shares of Gibson Energy and gave the stock 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 assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Gibson Energy currently has a consensus rating of “Moderate Buy” and an average target price of C$27.50.

Gibson Energy Stock Performance

Shares of GEI stock traded down C$0.61 during trading hours on Wednesday, reaching C$27.85. The company had a trading volume of 591,600 shares, compared to its average volume of 624,442. The company has a debt-to-equity ratio of 278.33, a quick ratio of 0.87 and a current ratio of 0.70. The business has a fifty day moving average price of C$26.10 and a 200-day moving average price of C$25.52. Gibson Energy has a one year low of C$19.63 and a one year high of C$28.56. The firm has a market cap of C$4.56 billion, a PE ratio of 30.27, a price-to-earnings-growth ratio of 1.85 and a beta of 0.29.

Insider Activity at Gibson Energy

In related news, Director Craig Richardson bought 1,000 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The stock was purchased at an average price of C$26.07 per share, for a total transaction of C$26,070.00. Following the completion of the transaction, the director owned 2,000 shares in the company, valued at C$52,140. The trade was a 100.00% increase in their ownership of the stock. Company insiders own 0.85% of the company’s stock.

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.