Gibson Energy (TSE:GEI) Price Target Lowered to C$26.00 at ATB Capital

Gibson Energy (TSE:GEI) had its target price decreased by stock analysts at ATB Capital from C$28.00 to C$26.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. ATB Capital’s price target indicates a potential upside of 23.81% from the company’s current price.

Other research analysts also recently issued reports about the company. Jefferies Financial Group downgraded Gibson Energy from a “buy” rating to a “hold” rating in a research note on Thursday, January 30th. National Bankshares lowered Gibson Energy from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from C$29.00 to C$24.00 in a research report on Wednesday. CIBC decreased their target price on Gibson Energy from C$29.00 to C$27.00 and set an “outperform” rating for the company in a research report on Thursday. Raymond James boosted their target price on Gibson Energy from C$28.50 to C$30.00 in a research report on Thursday, December 5th. Finally, TD Securities set a C$25.00 target price on Gibson Energy and gave the company a “hold” rating in a research report on Wednesday, January 15th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$25.86.

Gibson Energy Trading Down 3.3 %

Shares of TSE:GEI traded down C$0.71 during midday trading on Thursday, reaching C$21.00. The company’s stock had a trading volume of 1,559,843 shares, compared to its average volume of 730,374. The firm has a market capitalization of C$3.43 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 1.85 and a beta of 1.25. The company has a debt-to-equity ratio of 278.33, a quick ratio of 0.87 and a current ratio of 0.70. The firm has a 50 day moving average price of C$24.71 and a two-hundred day moving average price of C$23.42. Gibson Energy has a fifty-two week low of C$20.64 and a fifty-two week high of C$26.10.

Insiders Place Their Bets

In other Gibson Energy news, Director Curtis Philippon bought 40,000 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were purchased at an average price of C$25.46 per share, for a total transaction of C$1,018,400.00. Also, Senior Officer Kelly Holtby bought 2,010 shares of the business’s stock in a transaction dated 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. 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.