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

Gibson Energy Inc. (TSE:GEI) has earned a consensus recommendation of “Moderate Buy” from the ten analysts that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$27.50.

A number of brokerages have commented on GEI. BMO Capital Markets upped their price objective on Gibson Energy from C$25.00 to C$27.00 in a research report on Wednesday, December 3rd. TD Securities upped their price target on Gibson Energy from C$26.00 to C$29.00 and gave the company a “hold” rating in a report on Wednesday, February 18th. Canadian Imperial Bank of Commerce increased their price target on shares of Gibson Energy from C$26.00 to C$30.00 in a research note on Wednesday, December 3rd. Royal Bank Of Canada raised their price objective on shares of Gibson Energy from C$26.00 to C$28.00 in a report 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 report on Wednesday, December 17th.

Gibson Energy Stock Performance

Shares of Gibson Energy stock opened at C$29.28 on Thursday. The firm has a market cap of C$4.80 billion, a PE ratio of 31.83, a price-to-earnings-growth ratio of 1.85 and a beta of 0.29. Gibson Energy has a 52 week low of C$19.63 and a 52 week high of C$29.47. The business’s fifty day simple moving average is C$26.50 and its 200-day simple moving average is C$25.67. The company has a quick ratio of 0.87, a current ratio of 0.70 and a debt-to-equity ratio of 278.33.

Insider Buying and Selling

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

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.