Gibson Energy (TSE:GEI) Given a C$29.00 Price Target at National Bankshares

Gibson Energy (TSE:GEI) has been given a C$29.00 target price by stock analysts at National Bankshares in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price objective indicates a potential upside of 15.03% from the stock’s current price.

GEI has been the subject of a number of other research reports. JPMorgan Chase & Co. lifted their target price on shares of Gibson Energy from C$24.00 to C$25.00 and gave the company an “underweight” rating in a research note on Wednesday, August 20th. CIBC lifted their price objective on Gibson Energy from C$26.00 to C$30.00 in a research report on Wednesday, December 3rd. Scotiabank lowered Gibson Energy from an “outperform” rating to a “hold” rating and dropped their target price for the stock from C$27.00 to C$25.00 in a research report on Monday, October 20th. TD Securities cut their price target on Gibson Energy from C$24.00 to C$23.00 and set a “hold” rating for the company in a research note on Tuesday, November 4th. Finally, BMO Capital Markets boosted their price target on Gibson Energy from C$25.00 to C$27.00 in a research note on Wednesday, December 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$26.95.

Gibson Energy Stock Performance

Shares of GEI stock remained flat at C$25.21 on Wednesday. The stock had a trading volume of 252,379 shares, compared to its average volume of 675,068. The company has a market capitalization of C$4.13 billion, a P/E ratio of 27.40, a P/E/G ratio of 1.85 and a beta of 0.23. Gibson Energy has a twelve month low of C$19.63 and a twelve month high of C$27.37. The company has a quick ratio of 0.87, a current ratio of 0.70 and a debt-to-equity ratio of 278.33. The company has a 50-day moving average of C$24.51 and a 200 day moving average of C$24.88.

Gibson Energy (TSE:GEI) last announced its quarterly earnings data on Monday, November 3rd. The company reported C$0.28 EPS for the quarter. The firm had revenue of C$2.88 billion during 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 purchased 1,000 shares of the company’s stock in a transaction dated Monday, December 15th. The shares were bought at an average price of C$26.07 per share, with a total value of C$26,070.00. Following the completion of the transaction, the director directly owned 2,000 shares in the company, valued at C$52,140. This trade represents a 100.00% increase in their position. 0.85% of the stock is currently owned by company insiders.

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.