Gibson Energy (TSE:GEI) PT Set at C$29.00 by National Bankshares

Gibson Energy (TSE:GEI) has been given a C$29.00 target price by National Bankshares in a research report issued on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price objective would suggest a potential upside of 15.03% from the stock’s previous close.

Other analysts also recently issued research reports about the company. TD Securities reduced 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. Natl Bk Canada raised Gibson Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. CIBC lifted their price target on shares of Gibson Energy from C$26.00 to C$30.00 in a research note on Wednesday, December 3rd. JPMorgan Chase & Co. increased their price objective on shares of Gibson Energy from C$24.00 to C$25.00 and gave the company an “underweight” rating in a research note on Wednesday, August 20th. Finally, BMO Capital Markets raised their price objective on shares of Gibson Energy from C$25.00 to C$27.00 in a report on Wednesday, December 3rd. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$26.95.

Gibson Energy Stock Performance

Shares of TSE:GEI remained flat at C$25.21 on Wednesday. 252,379 shares of the stock traded hands, compared to its average volume of 675,068. The firm’s 50 day moving average price is C$24.51 and its 200 day moving average price is C$24.88. The stock has a market capitalization of C$4.13 billion, a price-to-earnings ratio of 27.40, a price-to-earnings-growth ratio of 1.85 and a beta of 0.23. The company has a debt-to-equity ratio of 278.33, a current ratio of 0.70 and a quick ratio of 0.87. Gibson Energy has a one year low of C$19.63 and a one year high of C$27.37.

Gibson Energy (TSE:GEI) last released its earnings results on Monday, November 3rd. The company reported C$0.28 earnings per share for the quarter. Gibson Energy had a net margin of 1.73% and a return on equity of 22.60%. The business had revenue of C$2.88 billion during the quarter.

Insider Activity at Gibson Energy

In other news, Director Craig Richardson bought 1,000 shares of the stock in a transaction dated Monday, December 15th. The shares were acquired at an average price of C$26.07 per share, with a total value of C$26,070.00. Following the acquisition, the director owned 2,000 shares in the company, valued at C$52,140. This trade represents a 100.00% increase in their ownership of the stock. Corporate insiders own 0.85% of the company’s stock.

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.