Gibson Energy Inc. (TSE:GEI) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Gibson Energy Inc. (TSE:GEI) have earned an average recommendation of “Moderate Buy” from the thirteen analysts that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is C$25.86.

A number of equities research analysts recently issued reports on the stock. BMO Capital Markets raised shares of Gibson Energy from a “market perform” rating to an “outperform” rating and upped their price target for the company from C$25.50 to C$28.00 in a research note on Thursday, December 5th. National Bank Financial cut shares of Gibson Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Raymond James cut their price objective 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 report on Thursday, February 20th. Jefferies Financial Group cut their price objective 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, February 20th. Finally, Royal Bank of Canada cut their price objective on shares of Gibson Energy from C$28.00 to C$26.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th.

Gibson Energy Price Performance

Gibson Energy stock opened at C$21.32 on Thursday. The company has a market cap of C$3.48 billion, a price-to-earnings ratio of 16.44, a PEG ratio of 1.85 and a beta of 1.25. The firm’s fifty day moving average is C$24.14 and its 200 day moving average is C$23.39. The company has a quick ratio of 0.87, a current ratio of 0.70 and a debt-to-equity ratio of 278.33. Gibson Energy has a 52-week low of C$20.83 and a 52-week high of C$26.10.

Insiders Place Their Bets

In other Gibson Energy news, Senior Officer Riley Hicks bought 8,900 shares of the company’s stock in a transaction on Friday, February 21st. The shares were bought at an average cost of C$21.10 per share, for a total transaction of C$187,790.00. Also, Director Curtis Philippon bought 40,000 shares of the company’s stock in a transaction on Monday, December 9th. The shares were acquired at an average price of C$25.46 per share, for a total transaction of C$1,018,400.00. Insiders have acquired a total of 75,910 shares of company stock worth $1,786,139 in the last three months. 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.