Gibson Energy (TSE:GEI) Given a C$29.00 Price Target at National Bankshares

National Bankshares set a C$29.00 price target on Gibson Energy (TSE:GEI) in a report issued on Wednesday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

GEI has been the subject of several other research reports. CIBC increased their price objective on shares of Gibson Energy from C$26.00 to C$30.00 in a report on Wednesday, December 3rd. JPMorgan Chase & Co. boosted their target price on Gibson Energy from C$24.00 to C$25.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 20th. Natl Bk Canada upgraded Gibson Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 2nd. Royal Bank Of Canada lifted their price objective on Gibson Energy from C$26.00 to C$28.00 in a research note on Wednesday, December 3rd. Finally, BMO Capital Markets upped their price objective on Gibson Energy from C$25.00 to C$27.00 in a report on Wednesday, December 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Gibson Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of C$26.95.

Gibson Energy Trading Up 0.7%

Shares of GEI opened at C$25.39 on Wednesday. The firm has a market cap of C$4.16 billion, a P/E ratio of 27.60, a price-to-earnings-growth ratio of 1.85 and a beta of 0.23. The company has a debt-to-equity ratio of 278.33, a current ratio of 0.70 and a quick ratio of 0.87. Gibson Energy has a 1 year low of C$19.63 and a 1 year high of C$27.37. The company has a 50 day simple moving average of C$24.52 and a two-hundred day simple moving average of C$24.88.

Gibson Energy (TSE:GEI) last released its earnings results on Monday, November 3rd. The company reported C$0.28 EPS for the quarter. The firm had revenue of C$2.88 billion for the quarter. Gibson Energy had a net margin of 1.73% and a return on equity of 22.60%.

Insider Activity

In related news, Director Craig Richardson purchased 1,000 shares of the business’s stock in a transaction dated Monday, December 15th. The shares were purchased at an average cost of C$26.07 per share, for a total transaction of C$26,070.00. Following the completion of the acquisition, the director owned 2,000 shares in the company, valued at approximately C$52,140. This trade represents a 100.00% increase in their position. 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.