Gibson Energy (TSE:GEI) PT Set at C$25.00 by TD Securities

Gibson Energy (TSE:GEI) has been given a C$25.00 target price by equities researchers at TD Securities in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ price target points to a potential downside of 0.79% from the company’s previous close.

A number of other brokerages have also recently commented on GEI. Raymond James raised their price objective on Gibson Energy from C$28.50 to C$30.00 in a research note on Thursday, December 5th. Scotiabank raised their target price on Gibson Energy from C$25.00 to C$26.00 in a report on Thursday, December 5th. Royal Bank of Canada lifted their target price on shares of Gibson Energy from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. cut their price target on shares of Gibson Energy from C$27.00 to C$26.00 in a report on Wednesday, October 2nd. Finally, Jefferies Financial Group raised their target price on Gibson Energy from C$25.00 to C$26.00 in a research report on Thursday, December 5th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$26.90.

Gibson Energy Trading Down 1.4 %

Shares of TSE GEI traded down C$0.35 during midday trading on Wednesday, reaching C$25.20. The stock had a trading volume of 244,315 shares, compared to its average volume of 602,206. Gibson Energy has a twelve month low of C$20.33 and a twelve month high of C$26.10. The company has a debt-to-equity ratio of 292.01, a quick ratio of 0.87 and a current ratio of 1.18. The company’s 50 day moving average price is C$24.14 and its 200 day moving average price is C$23.11. The firm has a market cap of C$4.10 billion, a price-to-earnings ratio of 23.77, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25.

Insiders Place Their Bets

In other news, Senior Officer Kelly Holtby purchased 2,010 shares of the business’s stock in a transaction dated Monday, December 30th. The shares were 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 the firm’s 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. 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.