Gibson Energy (TSE:GEI) Rating Lowered to Sector Perform at National Bankshares

Gibson Energy (TSE:GEI) was downgraded by analysts at National Bankshares from an “outperform” rating to a “sector perform” rating in a research report issued on Wednesday,BayStreet.CA reports. They presently have a C$24.00 price objective on the stock, down from their prior price objective of C$29.00. National Bankshares’ target price points to a potential upside of 8.94% from the company’s current price.

Other research analysts have also recently issued reports about the company. Wells Fargo & Company cut Gibson Energy from an “overweight” rating to an “equal weight” rating in a report on Wednesday, December 18th. TD Securities set a C$25.00 price objective on shares of Gibson Energy and gave the company a “hold” rating in a report on Wednesday, January 15th. Scotiabank increased 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. Raymond James lifted their price target on Gibson Energy from C$28.50 to C$30.00 in a report on Thursday, December 5th. Finally, CIBC increased their price objective on Gibson Energy from C$27.00 to C$29.00 in a report on Thursday, December 5th. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$26.80.

Gibson Energy Price Performance

TSE:GEI traded down C$1.55 during trading hours on Wednesday, reaching C$22.03. 1,907,260 shares of the company were exchanged, compared to its average volume of 671,350. The company has a current ratio of 0.70, a quick ratio of 0.87 and a debt-to-equity ratio of 278.33. The firm has a market cap of C$3.59 billion, a PE ratio of 16.99, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25. Gibson Energy has a twelve month low of C$20.64 and a twelve month high of C$26.10. The stock’s 50-day moving average is C$24.77 and its 200-day moving average is C$23.43.

Insider Transactions at Gibson Energy

In related news, Director Curtis Philippon purchased 40,000 shares of the stock in a transaction on Monday, December 9th. The shares were purchased at an average cost of C$25.46 per share, with a total value of C$1,018,400.00. Also, Senior Officer Kelly Holtby acquired 2,010 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was purchased at an average cost of C$24.85 per share, for a total transaction of C$49,948.50. 0.85% of the stock is owned by corporate insiders.

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.