Gibson Energy Inc. (TSE:GEI) Receives C$25.86 Consensus Target Price from Analysts

Shares of Gibson Energy Inc. (TSE:GEI) have been assigned a consensus rating of “Moderate Buy” from the thirteen brokerages that are currently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$25.86.

Several research firms have commented on GEI. National Bankshares cut Gibson Energy from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from C$29.00 to C$24.00 in a report on Wednesday, February 19th. Wells Fargo & Company lowered Gibson Energy from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, December 18th. CIBC reduced their price objective on Gibson Energy from C$29.00 to C$27.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. National Bank Financial lowered Gibson Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Finally, ATB Capital reduced their price objective on Gibson Energy from C$28.00 to C$26.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th.

Insider Buying and Selling

In other Gibson Energy news, Senior Officer Riley Hicks bought 8,900 shares of the business’s stock in a transaction on Friday, February 21st. The shares were bought at an average cost of C$21.10 per share, with a total value of C$187,790.00. Also, Director Curtis Philippon bought 25,000 shares of the business’s stock in a transaction on Friday, February 21st. The stock was acquired at an average cost of C$21.20 per share, for a total transaction of C$530,000.00. In the last ninety days, insiders have purchased 75,910 shares of company stock valued at $1,786,139. Corporate insiders own 0.85% of the company’s stock.

Gibson Energy Stock Up 2.4 %

GEI opened at C$21.12 on Thursday. 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 has a market capitalization of C$3.45 billion, a price-to-earnings ratio of 16.29, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25. The business has a 50-day moving average of C$23.93 and a two-hundred day moving average of C$23.37. Gibson Energy has a 12 month low of C$20.60 and a 12 month high of C$26.10.

About Gibson Energy

Gibson Energy Inc, together with its subsidiaries, engages in the gathering, storage, optimization, processing, and marketing of liquids and refined products in Canada and the United States. It operates through Infrastructure and Marketing segments. The Infrastructure segment operates a network of liquid infrastructure assets that include oil terminals, rail loading and unloading facilities, gathering pipelines, a crude oil processing facility, and other terminals.