Gibson Energy (TSE:GEI) Raised to Strong-Buy at TD Securities

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

GEI has been the topic of several other reports. BMO Capital Markets upgraded Gibson Energy from a “market perform” rating to an “outperform” rating and lifted their target price for the company from C$25.50 to C$28.00 in a research report on Thursday, December 5th. Royal Bank of Canada cut their price objective 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. Raymond James reduced their target price on shares of Gibson Energy from C$30.50 to C$29.50 and set a “strong-buy” rating for the company in a report on Thursday, February 20th. Jefferies Financial Group lowered their price target on shares of 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. Finally, Wells Fargo & Company cut shares of Gibson Energy from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$25.86.

Gibson Energy Trading Up 0.0 %

Shares of Gibson Energy stock opened at C$21.46 on Monday. Gibson Energy has a 1-year low of C$20.83 and a 1-year high of C$26.10. The company’s fifty day simple moving average is C$24.39 and its 200-day simple moving average is C$23.39. The company has a debt-to-equity ratio of 278.33, a current ratio of 0.70 and a quick ratio of 0.87. The stock has a market capitalization of C$3.50 billion, a PE ratio of 16.55, a P/E/G ratio of 1.85 and a beta of 1.25.

Insiders Place Their Bets

In other Gibson Energy news, Senior Officer Riley Hicks acquired 8,900 shares of the stock in a transaction on Friday, February 21st. The stock was acquired at an average price of C$21.10 per share, for a total transaction of C$187,790.00. Also, Director Curtis Philippon acquired 40,000 shares of the company’s stock in a transaction on Monday, December 9th. The stock was acquired at an average cost of C$25.46 per share, with a total value of C$1,018,400.00. Insiders have purchased a total of 75,910 shares of company stock worth $1,786,139 in the last 90 days. 0.85% of the stock is currently owned by corporate insiders.

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.