Gibson Energy (TSE:GEI) Given New C$27.00 Price Target at CIBC

Gibson Energy (TSE:GEI) had its price target lowered by CIBC from C$29.00 to C$27.00 in a research note released on Thursday,BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

A number of other equities research analysts have also weighed in on GEI. National Bankshares lowered shares of Gibson Energy from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from C$29.00 to C$24.00 in a report on Wednesday. Jefferies Financial Group cut Gibson Energy from a “buy” rating to a “hold” rating in a research report on Thursday, January 30th. 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. BMO Capital Markets raised Gibson Energy from a “market perform” rating to an “outperform” rating and upped their price target for the company from C$25.50 to C$28.00 in a report on Thursday, December 5th. Finally, Wells Fargo & Company lowered shares of Gibson Energy from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, December 18th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$25.86.

Gibson Energy Stock Down 2.6 %

GEI stock opened at C$21.14 on Thursday. The company’s 50 day moving average price is C$24.64 and its 200 day moving average price is C$23.40. The firm has a market capitalization of C$3.45 billion, a price-to-earnings ratio of 16.30, a PEG ratio of 1.85 and a beta of 1.25. Gibson Energy has a fifty-two week low of C$20.64 and a fifty-two week high of C$26.10. The company has a debt-to-equity ratio of 278.33, a quick ratio of 0.87 and a current ratio of 0.70.

Insider Activity at Gibson Energy

In other Gibson Energy news, Senior Officer Kelly Holtby acquired 2,010 shares of the company’s stock in a transaction on Monday, December 30th. The shares were bought 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 firm’s stock in a transaction dated Monday, December 9th. The shares were acquired at an average price of C$25.46 per share, with a total value of C$1,018,400.00. 0.85% of the stock is owned by 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.