Gibson Energy (TSE:GEI) Given New C$23.00 Price Target at Jefferies Financial Group

Gibson Energy (TSE:GEI) had its price objective decreased by equities researchers at Jefferies Financial Group from C$26.00 to C$23.00 in a report released on Thursday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. Jefferies Financial Group’s target price suggests a potential upside of 9.52% from the stock’s previous close.

GEI has been the topic of several other reports. 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. National Bankshares cut shares of Gibson Energy from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from C$29.00 to C$24.00 in a research report on Wednesday. ATB Capital dropped 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. Wells Fargo & Company cut shares of Gibson Energy from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, December 18th. Finally, TD Securities set a C$25.00 price objective on Gibson Energy and gave the stock a “hold” rating in a report on Wednesday, January 15th. Four equities research 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 company’s stock. According to data from MarketBeat, Gibson Energy currently has an average rating of “Moderate Buy” and a consensus price target of C$25.86.

Gibson Energy Price Performance

Gibson Energy stock traded down C$0.71 during midday trading on Thursday, hitting C$21.00. The company’s stock had a trading volume of 1,559,843 shares, compared to its average volume of 730,374. The company has a quick ratio of 0.87, a current ratio of 0.70 and a debt-to-equity ratio of 278.33. The stock’s 50-day moving average price is C$24.71 and its 200-day moving average price is C$23.42. 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 capitalization of C$3.43 billion, a PE ratio of 16.19, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25.

Insider Activity

In other news, Director Curtis Philippon purchased 40,000 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was acquired at an average price of C$25.46 per share, with a total value of C$1,018,400.00. Also, Senior Officer Kelly Holtby purchased 2,010 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was purchased at an average cost of C$24.85 per share, with a total value of C$49,948.50. 0.85% of the stock is owned by corporate insiders.

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.