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

Gibson Energy (TSE:GEI) had its price target upped by equities researchers at Scotiabank from C$26.00 to C$27.00 in a report released on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Scotiabank’s target price points to a potential upside of 8.09% from the stock’s previous close.

GEI has been the subject of a number of other reports. CIBC lowered their price objective on Gibson Energy from C$27.00 to C$26.00 and set an “outperform” rating for the company in a research report on Thursday, April 24th. ATB Capital boosted their target price on Gibson Energy from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a research report on Wednesday. TD Securities lowered Gibson Energy from a “strong-buy” rating to a “hold” rating and boosted their target price for the stock from C$24.00 to C$25.00 in a research report on Tuesday, June 17th. Royal Bank Of Canada boosted their target price on Gibson Energy from C$25.00 to C$26.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Raymond James Financial boosted their target price on Gibson Energy from C$30.00 to C$30.50 and gave the stock a “strong-buy” rating in a research report on Tuesday, June 17th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Gibson Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of C$26.59.

Gibson Energy Price Performance

Shares of GEI stock opened at C$24.98 on Wednesday. The stock has a 50-day moving average price of C$23.94 and a 200 day moving average price of C$23.04. The company has a quick ratio of 0.87, a current ratio of 0.70 and a debt-to-equity ratio of 278.33. The firm has a market cap of C$4.08 billion, a price-to-earnings ratio of 19.26, a PEG ratio of 1.85 and a beta of 1.25. Gibson Energy has a 12 month low of C$19.63 and a 12 month high of C$26.10.

Insider Activity at Gibson Energy

In other Gibson Energy news, Senior Officer David Bruce Gosse acquired 2,255 shares of the firm’s stock in a transaction that occurred on Monday, June 9th. The stock was acquired at an average cost of C$23.50 per share, for a total transaction of C$52,992.50. Also, Director Curtis Philippon acquired 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 13th. The stock was acquired at an average price of C$22.26 per share, with a total value of C$333,900.00. Insiders purchased a total of 19,460 shares of company stock valued at $436,982 over the last quarter. 0.85% of the stock is owned by 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.