Gibson Energy Inc. (TSE:GEI) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Gibson Energy Inc. (TSE:GEI) has received an average recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, five have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is C$26.95.

Several brokerages have issued reports on GEI. National Bankshares set a C$29.00 target price on shares of Gibson Energy and gave the company an “outperform” rating in a research note on Wednesday, December 17th. Scotiabank lowered Gibson Energy from an “outperform” rating to a “hold” rating and dropped their price target for the company from C$27.00 to C$25.00 in a research report on Monday, October 20th. TD Securities decreased their price objective on Gibson Energy from C$24.00 to C$23.00 and set a “hold” rating for the company in a research report on Tuesday, November 4th. BMO Capital Markets lifted their target price on Gibson Energy from C$25.00 to C$27.00 in a research note on Wednesday, December 3rd. Finally, Natl Bk Canada raised shares of Gibson Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd.

Gibson Energy Price Performance

GEI stock opened at C$25.60 on Wednesday. Gibson Energy has a one year low of C$19.63 and a one year high of C$27.37. The firm has a 50-day moving average of C$24.86 and a two-hundred day moving average of C$25.03. The firm has a market capitalization of C$4.19 billion, a PE ratio of 27.83, a P/E/G ratio of 1.85 and a beta of 0.22. 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 (TSE:GEI) last released its quarterly earnings results 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 for the quarter. Gibson Energy had a net margin of 1.73% and a return on equity of 22.60%.

Insider Activity

In related news, Director Craig Richardson purchased 1,000 shares of the stock in a transaction dated Monday, December 15th. The shares were acquired at an average cost of C$26.07 per share, for a total transaction of C$26,070.00. Following the acquisition, the director directly owned 2,000 shares in the company, 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.

About Gibson Energy

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.