Gibson Energy (TSE:GEI) Hits New 12-Month High on Analyst Upgrade

Shares of Gibson Energy Inc. (TSE:GEI) reached a new 52-week high during mid-day trading on Thursday after TD Securities raised their price target on the stock from C$26.00 to C$29.00. TD Securities currently has a hold rating on the stock. Gibson Energy traded as high as C$28.56 and last traded at C$27.91, with a volume of 995541 shares trading hands. The stock had previously closed at C$28.46.

A number of other equities research analysts have also recently issued reports on GEI. National Bank Financial set a C$29.00 target price on Gibson Energy and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. BMO Capital Markets upped their price objective on shares of Gibson Energy from C$25.00 to C$27.00 in a report on Wednesday, December 3rd. Canadian Imperial Bank of Commerce raised their target price on shares of Gibson Energy from C$26.00 to C$30.00 in a research note on Wednesday, December 3rd. Finally, Royal Bank Of Canada boosted their target price on shares of Gibson Energy from C$26.00 to C$28.00 in a research report on Wednesday, December 3rd. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Gibson Energy currently has an average rating of “Moderate Buy” and a consensus target price of C$27.50.

Insider Buying and Selling

In related news, Director Craig Richardson bought 1,000 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was purchased at an average cost of C$26.07 per share, for a total transaction of C$26,070.00. Following the purchase, the director directly owned 2,000 shares in the company, valued at C$52,140. This trade represents a 100.00% increase in their ownership of the stock. 0.85% of the stock is currently owned by insiders.

Gibson Energy Price Performance

The stock has a market cap of C$4.57 billion, a price-to-earnings ratio of 30.34, a P/E/G ratio of 1.85 and a beta of 0.29. The company has a debt-to-equity ratio of 278.33, a current ratio of 0.70 and a quick ratio of 0.87. The stock’s 50 day simple moving average is C$26.15 and its two-hundred day simple moving average is C$25.53.

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. Gibson Energy Inc services Canada and the United States, and the majority of revenue comes from the marketing segment.