Gibson Energy (TSE:GEI) Lowered to “Hold” Rating by Jefferies Financial Group

Jefferies Financial Group downgraded shares of Gibson Energy (TSE:GEI) from a buy rating to a hold rating in a research note released on Thursday morning,BayStreet.CA reports.

A number of other analysts also recently commented on GEI. TD Securities set a C$25.00 target price on Gibson Energy and gave the stock a “hold” rating in a research report on Wednesday, January 15th. Wells Fargo & Company lowered Gibson Energy from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, December 18th. Raymond James upped their target price on Gibson Energy from C$28.50 to C$30.00 in a research report on Thursday, December 5th. JPMorgan Chase & Co. reduced their price target on Gibson Energy from C$27.00 to C$26.00 in a report on Wednesday, October 2nd. Finally, Royal Bank of Canada increased their target price on Gibson Energy from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Gibson Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of C$26.90.

Gibson Energy Stock Performance

Shares of GEI opened at C$25.08 on Thursday. The stock has a 50-day simple moving average of C$24.75 and a 200-day simple moving average of C$23.28. The company has a debt-to-equity ratio of 292.01, a quick ratio of 0.87 and a current ratio of 1.18. The stock has a market capitalization of C$4.08 billion, a PE ratio of 23.66, a PEG ratio of 1.85 and a beta of 1.25. Gibson Energy has a 1 year low of C$20.33 and a 1 year high of C$26.10.

Gibson Energy (TSE:GEI) last released its quarterly earnings results on Tuesday, October 29th. The company reported C$0.33 EPS for the quarter, topping the consensus estimate of C$0.32 by C$0.01. Gibson Energy had a return on equity of 23.48% and a net margin of 1.42%. During the same quarter last year, the business earned $0.21 EPS.

Insider Activity

In other news, Senior Officer Kelly Holtby acquired 2,010 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was acquired at an average price of C$24.85 per share, for a total transaction of C$49,948.50. Also, Director Curtis Philippon acquired 40,000 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was purchased at an average price of C$25.46 per share, with a total value of C$1,018,400.00. 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.