Royal Bank of Canada Issues Pessimistic Forecast for Gibson Energy (TSE:GEI) Stock Price

Gibson Energy (TSE:GEI) had its price target dropped by equities researchers at Royal Bank of Canada from C$28.00 to C$26.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s price target indicates a potential upside of 23.81% from the company’s previous close.

Other research analysts have also issued research reports about the company. Jefferies Financial Group dropped their target price on Gibson Energy from C$26.00 to C$23.00 and set a “hold” rating on the stock in a report on Thursday. Scotiabank raised their target price 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. CIBC dropped their price target on Gibson Energy from C$29.00 to C$27.00 and set an “outperform” rating on the stock in a report on Thursday. National Bankshares lowered Gibson Energy from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from C$29.00 to C$24.00 in a report on Wednesday. Finally, TD Securities set a C$25.00 price target on Gibson Energy and gave the stock a “hold” rating in a report on Wednesday, January 15th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$25.86.

Gibson Energy Stock Down 3.3 %

Shares of GEI stock traded down C$0.71 during trading hours on Thursday, reaching C$21.00. The company had a trading volume of 1,559,843 shares, compared to its average volume of 730,374. Gibson Energy has a 12 month low of C$20.64 and a 12 month 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. The business has a fifty day simple moving average of C$24.71 and a 200-day simple moving average of C$23.42. The company 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.

Insiders Place Their Bets

In other Gibson Energy news, Senior Officer Kelly Holtby bought 2,010 shares of Gibson Energy stock in a transaction that occurred on Monday, December 30th. The stock was acquired 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 Gibson Energy stock in a transaction that occurred on 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. Company insiders own 0.85% of the company’s stock.

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.