Gibson Energy (TSE:GEI) Reaches New 12-Month High on Analyst Upgrade

Gibson Energy Inc. (TSE:GEI)’s share price hit a new 52-week high on Thursday after TD Securities raised their price target on the stock from C$26.00 to C$29.00. TD Securities currently has a hold rating on the stock. Gibson Energy traded as high as C$28.56 and last traded at C$27.91, with a volume of 995541 shares traded. The stock had previously closed at C$28.46.

Other equities analysts also recently issued reports about the company. National Bank Financial set a C$29.00 price objective on Gibson Energy and gave the company an “outperform” rating in a research report on Wednesday, December 17th. Royal Bank Of Canada increased their target price on Gibson Energy from C$26.00 to C$28.00 in a research report on Wednesday, December 3rd. BMO Capital Markets boosted their price target on Gibson Energy from C$25.00 to C$27.00 in a report on Wednesday, December 3rd. Finally, Canadian Imperial Bank of Commerce upped their price target on Gibson Energy from C$26.00 to C$30.00 in a research note on Wednesday, December 3rd. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$27.50.

Insider Activity at Gibson Energy

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

Gibson Energy Stock Performance

The firm has a market capitalization of C$4.71 billion, a P/E ratio of 31.22, a P/E/G ratio of 1.85 and a beta of 0.29. 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 firm has a 50-day moving average price of C$26.21 and a two-hundred day moving average price of C$25.56.

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. Gibson Energy Inc services Canada and the United States, and the majority of revenue comes from the marketing segment.