Gibson Energy Inc. (TSE:GEI) Given Consensus Rating of “Hold” by Analysts

Gibson Energy Inc. (TSE:GEI) has been given a consensus rating of “Hold” by the twelve brokerages that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$26.05.

A number of equities research analysts have issued reports on the company. ATB Capital upped their price objective on Gibson Energy from C$26.00 to C$27.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. Royal Bank Of Canada boosted their target price on Gibson Energy from C$25.00 to C$26.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. Wells Fargo & Company raised their price target on Gibson Energy from C$23.00 to C$24.00 in a research report on Wednesday, July 30th. Jefferies Financial Group raised shares of Gibson Energy from a “hold” rating to a “buy” rating and lifted their price objective for the stock from C$23.00 to C$28.00 in a research note on Wednesday, July 23rd. Finally, TD Securities cut their price objective on shares of Gibson Energy from C$24.00 to C$23.00 and set a “hold” rating on the stock in a research report on Tuesday, November 4th.

Insider Buying and Selling

In other news, Director Maria Hooper purchased 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 18th. The shares were bought at an average cost of C$25.72 per share, for a total transaction of C$128,600.00. Following the acquisition, the director owned 5,000 shares of the company’s stock, valued at approximately C$128,600. This trade represents a ∞ increase in their position. Insiders own 0.85% of the company’s stock.

Gibson Energy Stock Up 0.7%

Shares of TSE:GEI opened at C$23.39 on Tuesday. The company has a market cap of C$3.83 billion, a price-to-earnings ratio of 25.42, a PEG ratio of 1.85 and a beta of 0.25. Gibson Energy has a 12 month low of C$19.63 and a 12 month high of C$27.37. 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 company has a 50-day moving average price of C$25.10 and a 200 day moving average price of C$24.36.

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.