Jefferies Financial Group Lowers Gibson Energy (TSE:GEI) Price Target to C$23.00

Gibson Energy (TSE:GEI) had its price objective decreased by Jefferies Financial Group from C$26.00 to C$23.00 in a research note published on Thursday,BayStreet.CA reports. Jefferies Financial Group currently has a hold rating on the stock.

Other analysts have also recently issued reports about the company. ATB Capital lowered 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 note on Thursday. TD Securities set a C$25.00 price objective on shares of Gibson Energy and gave the stock a “hold” rating in a research report on Wednesday, January 15th. Wells Fargo & Company lowered shares of Gibson Energy from an “overweight” rating to an “equal weight” rating in a report on Wednesday, December 18th. CIBC reduced their target price on shares of Gibson Energy from C$29.00 to C$27.00 and set an “outperform” rating for the company in a research note on Thursday. Finally, BMO Capital Markets raised Gibson Energy from a “market perform” rating to an “outperform” rating and lifted their price target for the company from C$25.50 to C$28.00 in a research note on Thursday, December 5th. Four 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$25.86.

Gibson Energy Stock Down 2.6 %

TSE:GEI opened at C$21.14 on Thursday. The stock has a market cap of C$3.45 billion, a price-to-earnings ratio of 16.30, a PEG ratio of 1.85 and a beta of 1.25. The company has a current ratio of 0.70, a quick ratio of 0.87 and a debt-to-equity ratio of 278.33. The stock has a 50-day moving average price of C$24.64 and a two-hundred day moving average price of C$23.40. Gibson Energy has a 1 year low of C$20.64 and a 1 year high of C$26.10.

Insider Activity at Gibson Energy

In related news, Senior Officer Kelly Holtby purchased 2,010 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was purchased 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 the stock in a transaction on Monday, December 9th. The shares were bought at an average cost of C$25.46 per share, for a total transaction of C$1,018,400.00. 0.85% of the stock is owned by company 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.