Gibson Energy (TSE:GEI) Given New C$29.00 Price Target at TD Securities

Gibson Energy (TSE:GEI) had its price objective lifted by TD Securities from C$26.00 to C$29.00 in a research report sent to investors on Wednesday,BayStreet.CA reports. They currently have a hold rating on the stock.

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

Gibson Energy Stock Performance

TSE:GEI opened at C$27.91 on Wednesday. The firm has a market capitalization of C$4.57 billion, a PE ratio of 30.34, a price-to-earnings-growth ratio of 1.85 and a beta of 0.29. The company has a quick ratio of 0.87, a current ratio of 0.70 and a debt-to-equity ratio of 278.33. Gibson Energy has a 12-month low of C$19.63 and a 12-month high of C$28.56. The firm has a 50-day moving average price of C$26.15 and a 200 day moving average price of C$25.53.

Insider Transactions at Gibson Energy

In related news, Director Craig Richardson acquired 1,000 shares of the firm’s stock in a transaction on Monday, December 15th. The shares were purchased at an average price of C$26.07 per share, with a total value of C$26,070.00. Following the acquisition, the director directly owned 2,000 shares in the company, valued at C$52,140. The trade was a 100.00% increase in their ownership of the stock. 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.