Gibson Energy (TSE:GEI) Price Target Lowered to C$24.00 at TD Securities

Gibson Energy (TSE:GEI) had its price target lowered by TD Securities from C$25.00 to C$24.00 in a report released on Thursday,BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

A number of other equities analysts have also recently issued reports on GEI. Scotiabank boosted their price objective on Gibson Energy from C$26.00 to C$27.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Jefferies Financial Group lowered their target price on shares of Gibson Energy from C$26.00 to C$23.00 and set a “hold” rating for the company in a research note on Thursday. Royal Bank of Canada reduced their price target 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. ATB Capital lowered 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 research report on Thursday. Finally, CIBC reduced their target price on shares of Gibson Energy from C$29.00 to C$27.00 and set an “outperform” rating on the stock in a research report on Thursday. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Gibson Energy presently has an average rating of “Moderate Buy” and a consensus target price of C$25.86.

Gibson Energy Stock Down 2.6 %

Shares of TSE:GEI opened at C$21.14 on Thursday. The firm has a market capitalization of C$3.45 billion, a PE ratio of 16.30, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25. The business has a 50 day simple moving average of C$24.64 and a two-hundred day simple moving average of C$23.40. Gibson Energy has a 1 year low of C$20.64 and a 1 year high of C$26.10. The company has a debt-to-equity ratio of 278.33, a current ratio of 0.70 and a quick ratio of 0.87.

Insider Activity at Gibson Energy

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