Gibson Energy (TSE:GEI) Stock Rating Lowered by Jefferies Financial Group

Jefferies Financial Group downgraded shares of Gibson Energy (TSE:GEI) from a buy rating to a hold rating in a research note released on Thursday morning,BayStreet.CA reports.

A number of other research analysts also recently issued reports on GEI. Royal Bank of Canada upped their price target on Gibson Energy from C$27.00 to C$28.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Wells Fargo & Company downgraded Gibson Energy from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, December 18th. BMO Capital Markets upgraded shares of Gibson Energy from a “market perform” rating to an “outperform” rating and raised their target price for the stock from C$25.50 to C$28.00 in a research note on Thursday, December 5th. CIBC lifted their price objective on shares of Gibson Energy from C$27.00 to C$29.00 in a research report on Thursday, December 5th. Finally, Raymond James boosted their price target on shares of Gibson Energy from C$28.50 to C$30.00 in a research report on Thursday, December 5th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Gibson Energy presently has an average rating of “Moderate Buy” and an average price target of C$26.90.

Gibson Energy Stock Performance

Shares of TSE GEI opened at C$25.08 on Thursday. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 292.01. The stock’s 50-day moving average is C$24.75 and its 200 day moving average is C$23.28. The stock has a market cap of C$4.08 billion, a price-to-earnings ratio of 23.66, a P/E/G ratio of 1.85 and a beta of 1.25. Gibson Energy has a 1-year low of C$20.33 and a 1-year high of C$26.10.

Gibson Energy (TSE:GEI) last issued its quarterly earnings data on Tuesday, October 29th. The company reported C$0.33 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.32 by C$0.01. Gibson Energy had a return on equity of 23.48% and a net margin of 1.42%. During the same period last year, the company posted $0.21 EPS.

Insider Activity

In other news, Senior Officer Kelly Holtby purchased 2,010 shares of the company’s stock in a transaction on Monday, December 30th. The stock was bought at an average cost of C$24.85 per share, for a total transaction of C$49,948.50. Also, Director Curtis Philippon purchased 40,000 shares of Gibson Energy stock in a transaction that occurred on Monday, December 9th. The stock was acquired at an average cost of C$25.46 per share, with a total value of C$1,018,400.00. Corporate 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.