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

Shares of Gibson Energy Inc. (TSE:GEI) have been assigned a consensus rating of “Moderate Buy” from the twelve ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$26.95.

GEI has been the topic of a number of research reports. BMO Capital Markets increased their target price on shares of Gibson Energy from C$25.00 to C$27.00 in a report on Wednesday, December 3rd. National Bankshares set a C$29.00 price objective on shares of Gibson Energy and gave the company an “outperform” rating in a research report on Wednesday, December 17th. Scotiabank cut Gibson Energy from an “outperform” rating to a “hold” rating and dropped their price target for the stock from C$27.00 to C$25.00 in a research report on Monday, October 20th. CIBC boosted their price target on shares of Gibson Energy from C$26.00 to C$30.00 in a report on Wednesday, December 3rd. Finally, TD Securities lowered their price target on shares of Gibson Energy from C$24.00 to C$23.00 and set a “hold” rating for the company in a research report on Tuesday, November 4th.

Gibson Energy Price Performance

Shares of GEI opened at C$25.22 on Wednesday. Gibson Energy has a 52 week low of C$19.63 and a 52 week 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 firm has a market cap of C$4.13 billion, a price-to-earnings ratio of 27.41, a PEG ratio of 1.85 and a beta of 0.23. The stock has a 50 day moving average of C$24.79 and a 200-day moving average of C$25.01.

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

Insider Buying and Selling

In other news, Director Craig Richardson bought 1,000 shares of the firm’s stock in a transaction 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 transaction, the director owned 2,000 shares in the company, valued at approximately C$52,140. This trade represents a 100.00% increase in their ownership of the stock. Company 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.