Gibson Energy Inc. (TSE:GEI) Receives C$27.23 Consensus Price Target from Brokerages

Gibson Energy Inc. (TSE:GEI) has been assigned a consensus rating of “Moderate Buy” from the twelve ratings firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, five have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$27.23.

A number of equities analysts have issued reports on the stock. TD Securities lifted their price objective on shares of Gibson Energy from C$23.00 to C$26.00 and gave the stock a “hold” rating in a report on Monday, January 12th. BMO Capital Markets increased their price objective on Gibson Energy from C$25.00 to C$27.00 in a report on Wednesday, December 3rd. Scotiabank lowered shares of Gibson Energy from an “outperform” rating to a “hold” rating and reduced their price objective for the company from C$27.00 to C$25.00 in a research note on Monday, October 20th. National Bankshares set a C$29.00 target price on Gibson Energy and gave the company an “outperform” rating in a report on Wednesday, December 17th. Finally, Royal Bank Of Canada raised their price target on shares of Gibson Energy from C$26.00 to C$28.00 in a report on Wednesday, December 3rd.

Insider Buying and Selling

In related news, Director Craig Richardson purchased 1,000 shares of the firm’s stock in a transaction on Monday, December 15th. The shares were acquired 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 ownership of the stock. 0.85% of the stock is currently owned by insiders.

Gibson Energy Stock Performance

TSE:GEI opened at C$26.93 on Friday. The firm has a market capitalization of C$4.41 billion, a P/E ratio of 29.27, a P/E/G ratio of 1.85 and a beta of 0.22. Gibson Energy has a twelve month low of C$19.63 and a twelve month high of C$27.37. The company has a fifty day moving average of C$25.58 and a 200-day moving average of C$25.25. 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 (TSE:GEI) last announced its quarterly earnings results on Monday, November 3rd. The company reported C$0.28 earnings per share (EPS) for the quarter. Gibson Energy had a return on equity of 22.60% and a net margin of 1.73%.The business had revenue of C$2.88 billion for the quarter.

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.