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

Gibson Energy Inc. (TSE:GEI) has been assigned a consensus rating of “Moderate Buy” from the thirteen research firms that are currently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$25.86.

Several research firms have recently weighed in on GEI. BMO Capital Markets raised Gibson Energy from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from C$25.50 to C$28.00 in a research note on Thursday, December 5th. National Bankshares lowered Gibson Energy from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from C$29.00 to C$24.00 in a research report on Wednesday, February 19th. Wells Fargo & Company lowered Gibson Energy from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, December 18th. National Bank Financial lowered Gibson Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Finally, ATB Capital reduced 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 report on Thursday, February 20th.

Insider Transactions at Gibson Energy

In related news, Senior Officer Riley Hicks acquired 8,900 shares of the stock in a transaction dated Friday, February 21st. The shares were acquired at an average price of C$21.10 per share, with a total value of C$187,790.00. Also, Director Curtis Philippon acquired 25,000 shares of the stock in a transaction dated Friday, February 21st. The shares were bought at an average cost of C$21.20 per share, for a total transaction of C$530,000.00. Over the last quarter, insiders acquired 35,910 shares of company stock valued at $767,739. 0.85% of the stock is currently owned by corporate insiders.

Gibson Energy Trading Up 1.2 %

Gibson Energy stock opened at C$21.38 on Thursday. The stock has a 50-day moving average price of C$23.86 and a 200 day moving average price of C$23.38. 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 52 week low of C$20.60 and a 52 week high of C$26.10. The stock has a market cap of C$3.49 billion, a PE ratio of 16.49, a P/E/G ratio of 1.85 and a beta of 1.25.

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.