Gibson Energy (TSE:GEI) Given New C$27.00 Price Target at CIBC

Gibson Energy (TSE:GEI) had its price target reduced by CIBC from C$29.00 to C$27.00 in a research report released on Thursday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other equities research analysts have also commented on GEI. Raymond James boosted their target price on shares of Gibson Energy from C$28.50 to C$30.00 in a research report on Thursday, December 5th. Jefferies Financial Group downgraded shares of Gibson Energy from a “buy” rating to a “hold” rating in a report on Thursday, January 30th. Scotiabank increased their target price on shares of Gibson Energy from C$26.00 to C$27.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. TD Securities set a C$25.00 price target on Gibson Energy and gave the stock a “hold” rating in a research note on Wednesday, January 15th. Finally, BMO Capital Markets upgraded Gibson Energy from a “market perform” rating to an “outperform” rating and upped their price target for the stock from C$25.50 to C$28.00 in a report on Thursday, December 5th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$25.86.

Gibson Energy Stock Performance

Shares of GEI stock opened at C$21.14 on Thursday. The company has a current ratio of 0.70, a quick ratio of 0.87 and a debt-to-equity ratio of 278.33. Gibson Energy has a 12-month low of C$20.64 and a 12-month high of C$26.10. The company has a market cap of C$3.45 billion, a price-to-earnings ratio of 16.30, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25. The stock has a 50 day simple moving average of C$24.64 and a 200-day simple moving average of C$23.40.

Insider Transactions at Gibson Energy

In other news, Senior Officer Kelly Holtby purchased 2,010 shares of the stock in a transaction dated 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 acquired 40,000 shares of Gibson Energy stock in a transaction that occurred on 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. Insiders own 0.85% of the company’s stock.

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.