Gibson Energy (TSE:GEI) Given New C$24.00 Price Target at TD Securities

Gibson Energy (TSE:GEI - Get Free Report) had its price target reduced by investment analysts at TD Securities from C$25.00 to C$24.00 in a report released on Thursday,BayStreet.CA reports. The brokerage presently has a "hold" rating on the stock. TD Securities' target price would indicate a potential upside of 14.29% from the stock's previous close.

Other analysts have also recently issued reports about the company. ATB Capital 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 report on Thursday. Scotiabank boosted their price target on Gibson Energy from C$26.00 to C$27.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. BMO Capital Markets raised Gibson Energy from a "market perform" rating to an "outperform" rating and boosted their price target for the company from C$25.50 to C$28.00 in a research note on Thursday, December 5th. Jefferies Financial Group dropped their price target on Gibson Energy from C$26.00 to C$23.00 and set a "hold" rating on the stock in a research note on Thursday. Finally, Royal Bank of Canada dropped 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. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of C$25.86.

Gibson Energy Trading Down 3.3 %

GEI stock traded down C$0.71 during trading on Thursday, hitting C$21.00. The company had a trading volume of 1,559,843 shares, compared to its average volume of 730,374. The business has a 50-day moving average of C$24.71 and a 200-day moving average of C$23.42. Gibson Energy has a one year low of C$20.64 and a one year high of C$26.10. The stock has a market cap of C$3.43 billion, a PE ratio of 16.19, a PEG ratio of 1.85 and a beta of 1.25. The company has a current ratio of 0.70, a quick ratio of 0.87 and a debt-to-equity ratio of 278.33.

Insider Buying and Selling

In other Gibson Energy news, Senior Officer Kelly Holtby acquired 2,010 shares of Gibson Energy stock in a transaction on Monday, December 30th. The stock was purchased at an average price of C$24.85 per share, for a total transaction of C$49,948.50. Also, Director Curtis Philippon acquired 40,000 shares of Gibson Energy stock in a transaction on 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. 0.85% of the stock is currently owned by corporate insiders.

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.

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