Gibson Energy Inc. (TSE:GEI) Given Average Recommendation of “Moderate Buy” by Brokerages

Gibson Energy Inc. (TSE:GEI) has been given a consensus recommendation of “Moderate Buy” by the ten brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$27.50.

Several research firms recently weighed in on GEI. Canadian Imperial Bank of Commerce increased their price objective on shares of Gibson Energy from C$26.00 to C$30.00 in a research note on Wednesday, December 3rd. TD Securities upped their target price on Gibson Energy from C$26.00 to C$29.00 and gave the company a “hold” rating in a report on Wednesday. National Bank Financial set a C$29.00 price target on Gibson Energy and gave the stock an “outperform” rating in a report on Wednesday, December 17th. BMO Capital Markets boosted their price objective on Gibson Energy from C$25.00 to C$27.00 in a research report on Wednesday, December 3rd. Finally, Royal Bank Of Canada upped their price objective on Gibson Energy from C$26.00 to C$28.00 in a research note on Wednesday, December 3rd.

Gibson Energy Stock Down 1.9%

GEI stock opened at C$27.91 on Thursday. The firm has a market cap of C$4.57 billion, a price-to-earnings ratio of 30.34, a PEG ratio of 1.85 and a beta of 0.29. Gibson Energy has a 1-year low of C$19.63 and a 1-year high of C$28.56. The firm has a fifty day moving average price of C$26.15 and a two-hundred day moving average price of C$25.53. The company has a debt-to-equity ratio of 278.33, a current ratio of 0.70 and a quick ratio of 0.87.

Insider Buying and Selling at Gibson Energy

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

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.