TD Securities Lowers Gibson Energy (TSE:GEI) Price Target to C$24.00

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

A number of other equities analysts have also recently weighed in on the stock. Raymond James lowered their price target on shares of Gibson Energy from C$30.50 to C$29.50 and set a “strong-buy” rating on the stock in a research note on Thursday. Jefferies Financial Group lowered their target price on shares of Gibson Energy from C$26.00 to C$23.00 and set a “hold” rating on the stock in a research report on Thursday. BMO Capital Markets upgraded shares of Gibson Energy from a “market perform” rating to an “outperform” rating and lifted their price target for the company from C$25.50 to C$28.00 in a research report on Thursday, December 5th. ATB Capital decreased their price target 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. Finally, CIBC dropped their price objective on Gibson Energy from C$29.00 to C$27.00 and set an “outperform” rating for the company in a research note on Thursday. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$25.86.

Gibson Energy Stock Up 0.6 %

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

Insiders Place Their Bets

In other news, Director Curtis Philippon acquired 40,000 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was acquired at an average price of C$25.46 per share, with a total value of C$1,018,400.00. Also, Senior Officer Riley Hicks bought 8,900 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were purchased at an average price of C$21.10 per share, for a total transaction of C$187,790.00. Over the last 90 days, insiders 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.