Gibson Energy (TSE:GEI) Price Target Lowered to C$26.00 at Scotiabank

Gibson Energy (TSE:GEI) had its price objective decreased by Scotiabank from C$27.00 to C$26.00 in a report published on Thursday morning,BayStreet.CA reports. Scotiabank currently has an outperform rating on the stock.

Other equities analysts have also issued research reports about the company. ATB Capital decreased their price target on Gibson Energy from C$28.00 to C$26.00 and set an “outperform” rating on the stock in a research note on Thursday. BMO Capital Markets raised shares of Gibson Energy from a “market perform” rating to an “outperform” rating and upped their target price for the company from C$25.50 to C$28.00 in a research report on Thursday, December 5th. Wells Fargo & Company lowered shares of Gibson Energy from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, December 18th. Royal Bank of Canada 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 note on Thursday. Finally, National Bankshares cut shares of Gibson Energy from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from C$29.00 to C$24.00 in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$25.86.

Gibson Energy Trading Down 2.6 %

GEI opened at C$21.14 on Thursday. The stock has a market capitalization of C$3.45 billion, a PE ratio of 16.30, a P/E/G ratio of 1.85 and a beta of 1.25. Gibson Energy has a one year low of C$20.64 and a one year high of C$26.10. 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 business’s 50 day moving average price is C$24.64 and its 200 day moving average price is C$23.40.

Insiders Place Their Bets

In other news, Senior Officer Kelly Holtby acquired 2,010 shares of Gibson Energy stock in a transaction dated Monday, December 30th. The shares were acquired 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 company’s stock in a transaction that occurred on Monday, December 9th. The stock was acquired 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.