Gibson Energy (TSE:GEI) Price Target Cut to C$24.00 by Analysts at TD Securities

Gibson Energy (TSE:GEI) had its target price decreased by TD Securities from C$25.00 to C$24.00 in a research report released on Thursday morning,BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

Several other equities analysts also recently issued reports on the stock. Royal Bank of Canada cut their price objective on shares of Gibson Energy from C$28.00 to C$26.00 and set an “outperform” rating on the stock in a report on Thursday. CIBC cut their price target on shares of 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 lowered their price objective on shares of Gibson Energy from C$28.00 to C$26.00 and set an “outperform” rating for the company in a research note on Thursday. National Bankshares downgraded Gibson Energy from an “outperform” rating to a “sector perform” rating and cut their target price for the company from C$29.00 to C$24.00 in a research report on Wednesday. Finally, Scotiabank lifted 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. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$25.86.

Gibson Energy Trading Down 2.6 %

Shares of TSE:GEI opened at C$21.14 on Thursday. The business’s 50-day moving average is C$24.64 and its 200 day moving average is 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. Gibson Energy has a 1 year low of C$20.64 and a 1 year high of C$26.10. The firm has a market capitalization of C$3.45 billion, a P/E ratio of 16.30, a P/E/G ratio of 1.85 and a beta of 1.25.

Insider Buying and Selling

In related news, Senior Officer Kelly Holtby acquired 2,010 shares of the stock in a transaction on Monday, December 30th. The shares were acquired at an average price of C$24.85 per share, for a total transaction of C$49,948.50. Also, Director Curtis Philippon acquired 40,000 shares of the company’s stock in a transaction dated 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. 0.85% of the stock is owned by corporate 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.