Gibson Energy (TSE:GEI) Upgraded at TD Securities

TD Securities upgraded shares of Gibson Energy (TSE:GEI) from a hold rating to a strong-buy rating in a research report report published on Monday,Zacks.com reports.

A number of other analysts have also commented on the company. Jefferies Financial Group cut their price target on Gibson Energy from C$26.00 to C$23.00 and set a “hold” rating on the stock in a report on Thursday, February 20th. National Bank Financial lowered Gibson Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 19th. Royal Bank of Canada cut their price target on Gibson Energy from C$28.00 to C$26.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. BMO Capital Markets upgraded Gibson Energy from a “market perform” rating to an “outperform” rating and boosted their price target for the company from C$25.50 to C$28.00 in a report on Thursday, December 5th. Finally, Raymond James cut their price target on Gibson Energy from C$30.50 to C$29.50 and set a “strong-buy” rating on the stock in a report on Thursday, February 20th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Gibson Energy currently has an average rating of “Moderate Buy” and an average target price of C$25.86.

Gibson Energy Stock Up 0.0 %

TSE GEI opened at C$21.46 on Monday. The stock has a fifty day moving average of C$24.39 and a 200-day moving average of C$23.39. The stock has a market capitalization of C$3.50 billion, a P/E 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 Buying and Selling

In related news, Director Curtis Philippon purchased 40,000 shares of Gibson Energy stock in a transaction that occurred on Monday, December 9th. The shares were acquired at an average price of C$25.46 per share, with a total value of C$1,018,400.00. Also, Senior Officer Riley Hicks bought 8,900 shares of the business’s stock in a transaction on 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. Insiders have purchased 75,910 shares of company stock valued at $1,786,139 over the last 90 days. 0.85% of the stock is owned by corporate insiders.

About Gibson Energy

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.