Raymond James Lowers Gibson Energy (TSE:GEI) Price Target to C$29.50

Gibson Energy (TSE:GEI) had its target price reduced by equities researchers at Raymond James from C$30.50 to C$29.50 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has a “strong-buy” rating on the stock. Raymond James’ target price points to a potential upside of 38.69% from the stock’s previous close. Raymond James also issued estimates for Gibson Energy’s FY2025 earnings at $1.39 EPS.

Several other analysts have also commented on GEI. Wells Fargo & Company lowered Gibson Energy from an “overweight” rating to an “equal weight” rating in a report on Wednesday, December 18th. Jefferies Financial Group dropped their price target on shares of Gibson Energy from C$26.00 to C$23.00 and set a “hold” rating on the stock in a research note on Thursday. BMO Capital Markets raised shares of Gibson Energy from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from C$25.50 to C$28.00 in a report on Thursday, December 5th. TD Securities set a C$25.00 price objective on shares of Gibson Energy and gave the company a “hold” rating in a report on Wednesday, January 15th. Finally, ATB Capital dropped their target price 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. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$25.86.

Gibson Energy Trading Up 0.6 %

GEI stock opened at C$21.27 on Thursday. 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. The company’s 50-day simple moving average is C$24.57 and its 200-day simple moving average is C$23.39. 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 related news, Senior Officer Kelly Holtby bought 2,010 shares of the company’s stock in a transaction on Monday, December 30th. The stock was bought at an average cost of C$24.85 per share, for a total transaction of C$49,948.50. Also, Senior Officer Riley Hicks purchased 8,900 shares of Gibson Energy stock in a transaction dated Friday, February 21st. The shares were bought at an average price of C$21.10 per share, for a total transaction of C$187,790.00. Over the last three months, insiders have acquired 75,910 shares of company stock worth $1,786,139. 0.85% of the stock is owned by insiders.

About Gibson Energy

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.