Gibson Energy (TSE:GEI) Price Target Raised to C$27.00

Gibson Energy (TSE:GEI) had its price objective lifted by Scotiabank from C$26.00 to C$27.00 in a report published on Thursday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

GEI has been the topic of a number of other research reports. TD Securities set a C$25.00 target price on Gibson Energy and gave the company a “hold” rating in a report on Wednesday, January 15th. BMO Capital Markets raised Gibson Energy from a “market perform” rating to an “outperform” rating and raised their target price for the company from C$25.50 to C$28.00 in a report on Thursday, December 5th. Jefferies Financial Group cut Gibson Energy from a “buy” rating to a “hold” rating in a research note on Thursday, January 30th. Raymond James increased their price target on Gibson Energy from C$28.50 to C$30.00 in a research note on Thursday, December 5th. Finally, CIBC increased their price target on Gibson Energy from C$27.00 to C$29.00 in a research note on Thursday, December 5th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$27.00.

Gibson Energy Trading Down 1.0 %

Shares of GEI stock opened at C$23.70 on Thursday. The stock’s fifty day moving average price is C$24.84 and its two-hundred day moving average price is C$23.42. The company has a market cap of C$3.87 billion, a PE ratio of 18.28, a P/E/G ratio of 1.85 and a beta of 1.25. Gibson Energy has a fifty-two week low of C$20.42 and a fifty-two week high of C$26.10. The company has a debt-to-equity ratio of 278.33, a quick ratio of 0.87 and a current ratio of 0.70.

Insider Buying and Selling

In other Gibson Energy news, Director Curtis Philippon acquired 40,000 shares of the stock in a transaction dated Monday, December 9th. The stock was purchased at an average cost of C$25.46 per share, with a total value of C$1,018,400.00. Also, Senior Officer Kelly Holtby acquired 2,010 shares of the stock in a transaction dated Monday, December 30th. The stock was acquired at an average cost of C$24.85 per share, with a total value of C$49,948.50. 0.85% of the stock is owned by corporate insiders.

Gibson Energy Company Profile

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.