Gibson Energy (TSE:GEI) Price Target Cut to C$29.50 by Analysts at Raymond James

Gibson Energy (TSE:GEI) had its price objective lowered by Raymond James from C$30.50 to C$29.50 in a research report sent to investors on Thursday,BayStreet.CA reports. The brokerage currently has a strong-buy rating on the stock.

Other analysts have also issued research reports about the company. National Bankshares lowered 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 note on Wednesday. Scotiabank upped their price objective on shares of Gibson Energy from C$26.00 to C$27.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Royal Bank of Canada reduced their target price on shares of Gibson Energy from C$28.00 to C$26.00 and set an “outperform” rating on the stock in a report on Thursday. ATB Capital lowered their price target on shares of Gibson Energy from C$28.00 to C$26.00 and set an “outperform” rating for the company in a research note on Thursday. Finally, BMO Capital Markets raised Gibson Energy from a “market perform” rating to an “outperform” rating and raised their price objective for the company from C$25.50 to C$28.00 in a research note on Thursday, December 5th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$25.86.

Gibson Energy Trading Down 2.6 %

Shares of GEI stock opened at C$21.14 on Thursday. The company has a quick ratio of 0.87, a current ratio of 0.70 and a debt-to-equity ratio of 278.33. The firm has a market cap of C$3.45 billion, a P/E 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 moving average price of C$24.64 and a two-hundred day moving average price of C$23.40. Gibson Energy has a 12-month low of C$20.64 and a 12-month high of C$26.10.

Insider Activity at Gibson Energy

In other Gibson Energy news, Senior Officer Kelly Holtby purchased 2,010 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The stock was bought at an average price of C$24.85 per share, with a total value of C$49,948.50. Also, Director Curtis Philippon purchased 40,000 shares of the business’s stock in a transaction that occurred 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 owned by company insiders.

About Gibson Energy

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.