Gibson Energy (TSE:GEI) Price Target Raised to C$30.50 at Raymond James Financial

Gibson Energy (TSE:GEI - Get Free Report) had its target price increased by research analysts at Raymond James Financial from C$30.00 to C$30.50 in a report released on Tuesday,BayStreet.CA reports. The brokerage presently has a "strong-buy" rating on the stock. Raymond James Financial's price objective points to a potential upside of 26.66% from the stock's current price. Raymond James Financial also issued estimates for Gibson Energy's FY2025 earnings at $1.38 EPS and FY2027 earnings at $1.92 EPS.

Several other research firms have also recently issued reports on GEI. ATB Capital decreased their price objective on shares of Gibson Energy from C$28.00 to C$26.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. National Bankshares downgraded Gibson Energy from an "outperform" rating to a "sector perform" rating and cut their target price for the stock from C$29.00 to C$24.00 in a research report on Wednesday, February 19th. CIBC decreased 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 Bank Financial downgraded Gibson Energy from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Finally, Royal Bank Of Canada cut their price objective on Gibson Energy from C$28.00 to C$26.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. Five investment 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 company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$26.05.

Gibson Energy Price Performance

GEI traded up C$0.06 on Tuesday, reaching C$24.08. The company had a trading volume of 1,347,400 shares, compared to its average volume of 762,160. The company has a market capitalization of C$3.93 billion, a P/E ratio of 18.57, a PEG 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. The company has a fifty day moving average of C$22.61 and a 200-day moving average of C$23.15. Gibson Energy has a one year low of C$19.63 and a one year high of C$26.10.

Insider Transactions at Gibson Energy

In other news, Senior Officer David Bruce Gosse bought 2,205 shares of the firm's stock in a transaction on Monday, May 26th. The stock was bought at an average cost of C$22.72 per share, for a total transaction of C$50,089.66. Also, Director Curtis Philippon bought 15,000 shares of the company's 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. Insiders purchased a total of 19,460 shares of company stock valued at $436,982 in the last three months. 0.85% of the stock is currently owned by corporate insiders.

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.