Gibson Energy (TSE:GEI) Given New C$27.00 Price Target at Scotiabank

Gibson Energy (TSE:GEI - Free Report) had its target price raised by Scotiabank from C$26.00 to C$27.00 in a research note released on Thursday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Other analysts have also issued research reports about the company. BMO Capital Markets raised Gibson Energy from a "market perform" rating to an "outperform" rating and increased their price objective for the company from C$25.50 to C$28.00 in a research note on Thursday, December 5th. Wells Fargo & Company downgraded Gibson Energy from an "overweight" rating to an "equal weight" rating in a report on Wednesday, December 18th. Raymond James boosted their target price on shares of Gibson Energy from C$28.50 to C$30.00 in a research note on Thursday, December 5th. Jefferies Financial Group cut Gibson Energy from a "buy" rating to a "hold" rating in a research note on Thursday, January 30th. Finally, CIBC lifted their price target on Gibson Energy from C$27.00 to C$29.00 in a report on Thursday, December 5th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Gibson Energy has an average rating of "Moderate Buy" and an average target price of C$27.00.

Gibson Energy Stock Performance

Shares of TSE:GEI traded down C$0.25 during midday trading on Thursday, hitting C$23.70. The stock had a trading volume of 381,156 shares, compared to its average volume of 638,285. Gibson Energy has a 1 year low of C$20.42 and a 1 year high of C$26.10. The company has a current ratio of 0.70, a quick ratio of 0.87 and a debt-to-equity ratio of 278.33. The stock has a 50 day moving average price of C$24.84 and a two-hundred day moving average price of C$23.42. The company has a market capitalization of C$3.87 billion, a PE ratio of 18.28, a P/E/G ratio of 1.85 and a beta of 1.25.

Insider Buying and Selling

In other news, Senior Officer Kelly Holtby purchased 2,010 shares of the firm's stock in a transaction that occurred on Monday, December 30th. The shares were acquired 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 the stock in a transaction that occurred on Monday, December 9th. The stock was purchased 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 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.