Gibson Energy Inc. (TSE:GEI) Given Average Rating of "Moderate Buy" by Analysts

Gibson Energy Inc. (TSE:GEI - Get Free Report) has been assigned an average rating of "Moderate Buy" from the thirteen brokerages that are presently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$25.86.

Several analysts have weighed in on the company. CIBC lowered 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 report on Thursday, February 20th. BMO Capital Markets upgraded Gibson Energy from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from C$25.50 to C$28.00 in a research report on Thursday, December 5th. ATB Capital lowered their price objective on Gibson Energy from C$28.00 to C$26.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. National Bank Financial cut Gibson Energy from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Finally, Royal Bank of Canada reduced their target price 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, February 20th.

Insider Buying and Selling

In related news, Senior Officer Riley Hicks bought 8,900 shares of the business's stock in a transaction dated Friday, February 21st. The shares were purchased at an average cost of C$21.10 per share, with a total value of C$187,790.00. Also, Director Curtis Philippon bought 40,000 shares of the business's stock in a transaction dated Monday, December 9th. The stock was bought at an average cost of C$25.46 per share, for a total transaction of C$1,018,400.00. Insiders have bought a total of 75,910 shares of company stock valued at $1,786,139 over the last ninety days. Company insiders own 0.85% of the company's stock.

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Gibson Energy Trading Up 2.4 %

GEI stock traded up C$0.50 during midday trading on Thursday, hitting C$21.12. The company had a trading volume of 1,248,466 shares, compared to its average volume of 832,994. The company has a current ratio of 0.70, a quick ratio of 0.87 and a debt-to-equity ratio of 278.33. Gibson Energy has a 52 week low of C$20.60 and a 52 week high of C$26.10. The stock's 50 day moving average price is C$23.93 and its 200 day moving average price is C$23.37. The stock has a market cap of C$3.45 billion, a price-to-earnings ratio of 16.29, a PEG ratio of 1.85 and a beta of 1.25.

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.