Gibson Energy (TSE:GEI) Stock Rating Lowered by National Bank Financial

National Bank Financial cut shares of Gibson Energy (TSE:GEI) from a strong-buy rating to a hold rating in a research report report published on Wednesday morning,Zacks.com reports.

GEI has been the subject of several other reports. Royal Bank of Canada decreased their target price on Gibson Energy from C$28.00 to C$26.00 and set an “outperform” rating for the company in a research report on Thursday. Scotiabank decreased their price objective on shares of Gibson Energy from C$27.00 to C$26.00 and set an “outperform” rating for the company in a report on Thursday. Jefferies Financial Group cut their target price on shares of Gibson Energy from C$26.00 to C$23.00 and set a “hold” rating on the stock in a report on Thursday. ATB Capital reduced their price target 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. Finally, Raymond James lowered their price objective on shares of Gibson Energy from C$30.50 to C$29.50 and set a “strong-buy” rating for the company in a research report on Thursday. Five 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 stock. According to MarketBeat, Gibson Energy has a consensus rating of “Moderate Buy” and an average target price of C$25.86.

Gibson Energy Stock Down 2.6 %

TSE:GEI opened at C$21.14 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 0.70 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 stock’s fifty day simple moving average is C$24.64 and its 200-day simple moving average is C$23.40. 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 at Gibson Energy

In other Gibson Energy news, Senior Officer Kelly Holtby acquired 2,010 shares of Gibson Energy stock in a transaction dated 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 bought 40,000 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was bought at an average cost of C$25.46 per share, for a total transaction 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.