Gibson Energy (TSE:GEI) Rating Lowered to “Sector Perform” at National Bankshares

National Bankshares lowered shares of Gibson Energy (TSE:GEI) from an outperform rating to a sector perform rating in a research report report published on Wednesday morning,BayStreet.CA reports. They currently have C$24.00 price target on the stock, down from their prior price target of C$29.00.

A number of other research analysts also recently weighed in on the stock. 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 research report on Thursday, February 13th. Raymond James increased their price objective on Gibson Energy from C$28.50 to C$30.00 in a report on Thursday, December 5th. Jefferies Financial Group lowered Gibson Energy from a “buy” rating to a “hold” rating in a research note on Thursday, January 30th. BMO Capital Markets raised Gibson Energy from a “market perform” rating to an “outperform” rating and upped their price target for the company from C$25.50 to C$28.00 in a research report on Thursday, December 5th. 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. Five equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$25.86.

Gibson Energy Price Performance

GEI opened at C$21.27 on Wednesday. Gibson Energy has a fifty-two week low of C$20.83 and a fifty-two week high of C$26.10. The firm has a 50-day moving average of C$24.57 and a 200 day moving average of C$23.39. The company has a debt-to-equity ratio of 278.33, a quick ratio of 0.87 and a current ratio of 0.70. The firm has a market cap of C$3.47 billion, a P/E ratio of 16.40, a PEG ratio of 1.85 and a beta of 1.25.

Insider Buying and Selling at Gibson Energy

In other news, Director Curtis Philippon bought 40,000 shares of the stock in a transaction on Monday, December 9th. The shares were acquired at an average cost of C$25.46 per share, for a total transaction of C$1,018,400.00. Also, Senior Officer Riley Hicks purchased 8,900 shares of Gibson Energy stock in a transaction dated Friday, February 21st. The shares were purchased at an average price of C$21.10 per share, with a total value of C$187,790.00. Insiders purchased 75,910 shares of company stock valued at $1,786,139 in the last quarter. 0.85% of the stock is currently 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.