National Bank Financial Downgrades Gibson Energy (TSE:GEI) to Hold

Gibson Energy (TSE:GEI) was downgraded by National Bank Financial from a “strong-buy” rating to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

A number of other equities research analysts have also weighed in on the company. 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 research note on Thursday. ATB Capital dropped 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 research report on Thursday. Raymond James decreased their price target on shares of Gibson Energy from C$30.50 to C$29.50 and set a “strong-buy” rating for the company in a report on Thursday. National Bankshares downgraded shares of Gibson Energy from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from C$29.00 to C$24.00 in a research note on Wednesday. Finally, Scotiabank cut their target price on Gibson Energy from C$27.00 to C$26.00 and set an “outperform” rating on the stock in a research report on Thursday. Five analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Gibson Energy has an average rating of “Moderate Buy” and a consensus price target of C$25.86.

Gibson Energy Stock Down 2.6 %

Gibson Energy stock opened at C$21.14 on Wednesday. Gibson Energy has a 1-year low of C$20.64 and a 1-year high of C$26.10. The business has a fifty day moving average price of C$24.64 and a 200-day moving average price of C$23.40. 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 stock 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.

Insider Transactions at Gibson Energy

In other news, Senior Officer Kelly Holtby acquired 2,010 shares of the business’s stock in a transaction 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 acquired 40,000 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was purchased 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.