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

Gibson Energy (TSE:GEI) had its price objective lowered by equities researchers at ATB Capital from C$28.00 to C$26.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. ATB Capital’s price objective would suggest a potential upside of 23.81% from the stock’s current price.

Several other equities analysts also recently commented on the company. Wells Fargo & Company downgraded Gibson Energy from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, December 18th. National Bankshares downgraded Gibson Energy from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from C$29.00 to C$24.00 in a research report on Wednesday. Scotiabank increased their price target on Gibson Energy from C$26.00 to C$27.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. CIBC reduced their price target on Gibson Energy from C$29.00 to C$27.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, BMO Capital Markets raised Gibson Energy from a “market perform” rating to an “outperform” rating and increased their price target for the stock from C$25.50 to C$28.00 in a research report on Thursday, December 5th. Four 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.com, Gibson Energy has an average rating of “Moderate Buy” and an average target price of C$25.86.

Gibson Energy Stock Performance

Shares of Gibson Energy stock traded down C$0.71 on Thursday, hitting C$21.00. The stock had a trading volume of 1,559,843 shares, compared to its average volume of 730,374. Gibson Energy has a twelve month low of C$20.64 and a twelve month high of C$26.10. The business’s 50 day moving average is C$24.71 and its two-hundred day moving average is C$23.42. 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 stock has a market cap of C$3.43 billion, a price-to-earnings ratio of 16.19, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25.

Insider Activity

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