Gibson Energy (TSE:GEI) Upgraded to "Buy" at Jefferies Financial Group

Gibson Energy (TSE:GEI - Get Free Report) was upgraded by equities researchers at Jefferies Financial Group from a "hold" rating to a "buy" rating in a report released on Wednesday,BayStreet.CA reports. The firm currently has a C$28.00 price objective on the stock, up from their prior price objective of C$23.00. Jefferies Financial Group's price target points to a potential upside of 13.22% from the company's current price.

GEI has been the topic of a number of other reports. TD Securities downgraded Gibson Energy from a "strong-buy" rating to a "hold" rating and lifted their target price for the stock from C$24.00 to C$25.00 in a research report on Tuesday, June 17th. CIBC decreased their target price on Gibson Energy from C$27.00 to C$26.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Finally, Raymond James Financial lifted their target price on Gibson Energy from C$30.00 to C$30.50 and gave the stock a "strong-buy" rating in a research report on Tuesday, June 17th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of C$26.55.

Gibson Energy Stock Performance

Shares of TSE:GEI traded up C$0.07 during midday trading on Wednesday, hitting C$24.73. The company's stock had a trading volume of 307,578 shares, compared to its average volume of 736,085. The stock has a market capitalization of C$4.03 billion, a price-to-earnings ratio of 19.07, a PEG ratio of 1.85 and a beta of 1.25. The stock's 50 day simple moving average is C$23.75 and its 200 day simple moving average is C$23.05. Gibson Energy has a fifty-two week low of C$19.63 and a fifty-two week high of C$26.10. The company has a debt-to-equity ratio of 278.33, a quick ratio of 0.87 and a current ratio of 0.70.

Insider Buying and Selling

In other news, Director Curtis Philippon bought 15,000 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was bought at an average price of C$22.26 per share, for a total transaction of C$333,900.00. Also, Senior Officer David Bruce Gosse acquired 2,255 shares of the company's stock in a transaction that occurred on Monday, June 9th. The stock was bought at an average price of C$23.50 per share, with a total value of C$52,992.50. Insiders bought 19,460 shares of company stock valued at $436,982 in the last quarter. 0.85% of the stock is currently owned by corporate insiders.

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.