Gibson Energy (TSE:GEI) Price Target Raised to C$26.00 at TD Securities

Gibson Energy (TSE:GEI) had its price target raised by analysts at TD Securities from C$23.00 to C$26.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. TD Securities’ target price would indicate a potential upside of 4.08% from the stock’s previous close.

A number of other research firms also recently commented on GEI. National Bankshares set a C$29.00 target price on shares of Gibson Energy and gave the company an “outperform” rating in a research report on Wednesday, December 17th. Scotiabank lowered Gibson Energy from an “outperform” rating to a “hold” rating and dropped their price objective for the stock from C$27.00 to C$25.00 in a report on Monday, October 20th. BMO Capital Markets lifted their target price on Gibson Energy from C$25.00 to C$27.00 in a research report on Wednesday, December 3rd. CIBC upped their target price on Gibson Energy from C$26.00 to C$30.00 in a research report on Wednesday, December 3rd. Finally, Royal Bank Of Canada raised their price target on Gibson Energy from C$26.00 to C$28.00 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, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$27.23.

Gibson Energy Stock Down 0.1%

Gibson Energy stock traded down C$0.03 during midday trading on Monday, reaching C$24.98. The company’s stock had a trading volume of 117,584 shares, compared to its average volume of 394,144. The company has a market cap of C$4.09 billion, a P/E ratio of 27.15, a P/E/G ratio of 1.85 and a beta of 0.22. 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 business has a 50-day simple moving average of C$24.94 and a 200-day simple moving average of C$25.06. Gibson Energy has a fifty-two week low of C$19.63 and a fifty-two week high of C$27.37.

Gibson Energy (TSE:GEI) last posted its earnings results on Monday, November 3rd. The company reported C$0.28 earnings per share 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 related news, Director Craig Richardson bought 1,000 shares of the stock in a transaction on Monday, December 15th. The shares were bought at an average cost of C$26.07 per share, for a total transaction of C$26,070.00. Following the completion of the transaction, the director owned 2,000 shares of the company’s stock, valued at C$52,140. This represents a 100.00% increase in their position. Corporate insiders own 0.85% of the company’s stock.

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.