Gibson Energy (TSE:GEI) Upgraded by TD Securities to Strong-Buy Rating

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

Several other equities research analysts have also recently weighed in on the company. Jefferies Financial Group lowered their target price on Gibson Energy from C$26.00 to C$23.00 and set a “hold” rating for the company in a report on Thursday, February 20th. Wells Fargo & Company lowered shares of Gibson Energy from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, December 18th. National Bankshares downgraded shares of Gibson Energy from an “outperform” rating to a “sector perform” rating and cut their target price for the company from C$29.00 to C$24.00 in a research report on Wednesday, February 19th. Scotiabank lowered their price target on shares of 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, National Bank Financial downgraded shares of Gibson Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Four 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 company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$25.86.

Gibson Energy Stock Performance

Gibson Energy stock opened at C$21.46 on Monday. The company has a debt-to-equity ratio of 278.33, a quick ratio of 0.87 and a current ratio of 0.70. The company 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. The company has a 50 day moving average price of C$24.39 and a 200-day moving average price of C$23.39. Gibson Energy has a fifty-two week low of C$20.83 and a fifty-two week high of C$26.10.

Insider Transactions at Gibson Energy

In other Gibson Energy news, Director Curtis Philippon purchased 40,000 shares of the stock in a transaction on Monday, December 9th. The stock was 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 acquired 8,900 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were bought at an average price of C$21.10 per share, for a total transaction of C$187,790.00. Over the last three months, insiders have acquired 75,910 shares of company stock valued at $1,786,139. Corporate 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.