Raymond James Issues Positive Forecast for Gibson Energy (TSE:GEI) Stock Price

Gibson Energy (TSE:GEI) had its price objective upped by Raymond James from C$30.00 to C$30.50 in a research report issued on Tuesday,BayStreet.CA reports. The brokerage currently has a “strong-buy” rating on the stock. Raymond James’ price target points to a potential upside of 25.15% from the company’s current price.

GEI has been the topic of several other reports. National Bank Financial lowered shares of Gibson Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 19th. Royal Bank of Canada decreased their target price on shares of Gibson Energy from C$28.00 to C$26.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. CIBC dropped their price target on Gibson Energy from C$27.00 to C$26.00 and set an “outperform” rating for the company in a research note on Thursday, April 24th. National Bankshares downgraded Gibson Energy from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from C$29.00 to C$24.00 in a report on Wednesday, February 19th. Finally, Jefferies Financial Group decreased their price target on Gibson Energy from C$26.00 to C$23.00 and set a “hold” rating for the company in a research note on Thursday, February 20th. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$26.05.

Gibson Energy Price Performance

GEI stock traded down C$0.03 during mid-day trading on Tuesday, hitting C$24.37. The stock had a trading volume of 378,418 shares, compared to its average volume of 757,950. The firm has a fifty day simple moving average of C$22.36 and a 200 day simple moving average of C$23.13. The firm has a market capitalization of C$3.98 billion, a P/E ratio of 18.79, a P/E/G ratio of 1.85 and a beta of 1.25. The company has a current ratio of 0.70, a quick ratio of 0.87 and a debt-to-equity ratio of 278.33. Gibson Energy has a 52 week low of C$19.63 and a 52 week high of C$26.10.

Insider Activity

In other news, Director Curtis Philippon bought 15,000 shares of the stock in a transaction dated Tuesday, May 13th. The stock was purchased at an average cost of C$22.26 per share, for a total transaction of C$333,900.00. Also, Senior Officer David Bruce Gosse acquired 2,205 shares of Gibson Energy stock in a transaction on Monday, May 26th. The shares were bought at an average cost of C$22.72 per share, for a total transaction of C$50,089.66. Insiders have bought a total of 19,460 shares of company stock worth $436,982 over the last 90 days. 0.85% of the stock is currently owned by 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.