Gibson Energy Inc. (TSE:GEI) Receives Average Recommendation of “Moderate Buy” from Brokerages

Gibson Energy Inc. (TSE:GEI) has been given an average rating of “Moderate Buy” by the twelve analysts that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$27.23.

Several equities research analysts have recently issued reports on GEI shares. Natl Bk Canada raised Gibson Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 2nd. CIBC raised their price target on Gibson Energy from C$26.00 to C$30.00 in a report on Wednesday, December 3rd. BMO Capital Markets lifted their price objective on Gibson Energy from C$25.00 to C$27.00 in a research note on Wednesday, December 3rd. National Bankshares set a C$29.00 target price on Gibson Energy and gave the company an “outperform” rating in a research report on Wednesday, December 17th. Finally, Royal Bank Of Canada upped their target price on shares of Gibson Energy from C$26.00 to C$28.00 in a research report on Wednesday, December 3rd.

Gibson Energy Stock Down 0.4%

Shares of GEI opened at C$26.81 on Friday. The business’s 50 day moving average is C$25.61 and its 200 day moving average is C$25.27. 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 12-month low of C$19.63 and a 12-month high of C$27.37. The company has a market capitalization of C$4.39 billion, a PE ratio of 29.14, a price-to-earnings-growth ratio of 1.85 and a beta of 0.22.

Gibson Energy (TSE:GEI) last announced its quarterly earnings data on Monday, November 3rd. The company reported C$0.28 earnings per share (EPS) for the quarter. The business had revenue of C$2.88 billion during the quarter. Gibson Energy had a net margin of 1.73% and a return on equity of 22.60%.

Insiders Place Their Bets

In other news, Director Craig Richardson acquired 1,000 shares of the business’s stock in a transaction on Monday, December 15th. The shares were acquired at an average price of C$26.07 per share, for a total transaction of C$26,070.00. Following the completion of the transaction, the director directly owned 2,000 shares of the company’s stock, valued at approximately C$52,140. The trade was a 100.00% increase in their position. 0.85% of the stock is owned by company insiders.

Gibson Energy Company Profile

Gibson Energy Inc is an oil infrastructure company that collects, stores, and processes crude oil and refined products. Reportable segments include marketing, which deals with buying, selling, and optimizing products such as crude oil, natural gas liquid, road asphalt, and oil-based mud product; and infrastructure, which makes up a system of oil terminals, rail loading facilities, pipelines, and an oil processing facility. Gibson Energy Inc services Canada and the United States, and the majority of revenue comes from the marketing segment.