Gibson Energy (TSE:GEI) Upgraded at TD Securities

Gibson Energy (TSE:GEI) was upgraded by equities research analysts at TD Securities from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other brokerages have also weighed in on GEI. CIBC decreased their price objective on shares of Gibson Energy from C$29.00 to C$27.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Royal Bank of Canada decreased their price target on Gibson Energy from C$28.00 to C$26.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. ATB Capital dropped their price objective 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. Scotiabank decreased their target price on Gibson Energy from C$27.00 to C$26.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Finally, BMO Capital Markets upgraded shares of Gibson Energy from a “market perform” rating to an “outperform” rating and upped their target price for the company from C$25.50 to C$28.00 in a research note on Thursday, December 5th. Four investment 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$25.86.

Gibson Energy Stock Up 0.0 %

Shares of Gibson Energy stock opened at C$21.46 on Monday. The company has a 50-day simple moving average of C$24.39 and a two-hundred day simple moving average of C$23.39. The stock has a market capitalization of C$3.50 billion, a PE ratio of 16.55, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25. Gibson Energy has a 52-week low of C$20.83 and a 52-week high of C$26.10. The company has a debt-to-equity ratio of 278.33, a quick ratio of 0.87 and a current ratio of 0.70.

Insider Transactions at Gibson Energy

In related news, Senior Officer Kelly Holtby bought 2,010 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were bought at an average cost of C$24.85 per share, for a total transaction of C$49,948.50. Also, Director Curtis Philippon purchased 40,000 shares of the business’s stock in a transaction on Monday, December 9th. The shares were bought at an average cost of C$25.46 per share, with a total value of C$1,018,400.00. Insiders have acquired 75,910 shares of company stock worth $1,786,139 in the last quarter. Company 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.