TD Securities Has Lowered Expectations for Gibson Energy (TSE:GEI) Stock Price

Gibson Energy (TSE:GEI) had its target price decreased by TD Securities from C$25.00 to C$24.00 in a research report issued on Thursday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. TD Securities’ target price would indicate a potential upside of 12.83% from the company’s current price.

GEI has been the topic of a number of other research reports. Royal Bank of Canada decreased their price target on shares of Gibson Energy from C$28.00 to C$26.00 and set an “outperform” rating on the stock in a report on Thursday. CIBC cut their target price on Gibson Energy from C$29.00 to C$27.00 and set an “outperform” rating on the stock in a research report on Thursday. Wells Fargo & Company downgraded Gibson Energy from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, December 18th. BMO Capital Markets upgraded Gibson Energy from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from C$25.50 to C$28.00 in a report on Thursday, December 5th. Finally, ATB Capital decreased their target price on Gibson Energy from C$28.00 to C$26.00 and set an “outperform” rating for the company in a report on Thursday. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$25.86.

Gibson Energy Trading Up 0.6 %

Shares of GEI stock opened at C$21.27 on Thursday. The firm’s 50-day simple moving average is C$24.57 and its 200-day simple moving average is C$23.39. The company has a debt-to-equity ratio of 278.33, a current ratio of 0.70 and a quick ratio of 0.87. Gibson Energy has a 1-year low of C$20.83 and a 1-year high of C$26.10. The firm has a market cap of C$3.47 billion, a P/E ratio of 16.40, a PEG ratio of 1.85 and a beta of 1.25.

Insider Buying and Selling

In other Gibson Energy news, Director Curtis Philippon bought 25,000 shares of the stock in a transaction dated Friday, February 21st. The stock was bought at an average cost of C$21.20 per share, for a total transaction of C$530,000.00. Also, Senior Officer Riley Hicks purchased 8,900 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was acquired at an average price of C$21.10 per share, for a total transaction of C$187,790.00. 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 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.