Gibson Energy (TSE:GEI) Reaches New 12-Month Low – Here’s What Happened

Gibson Energy Inc. (TSE:GEI) shares hit a new 52-week low on Thursday . The company traded as low as C$20.72 and last traded at C$20.94, with a volume of 354964 shares traded. The stock had previously closed at C$21.32.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. CIBC dropped their price target on shares of Gibson Energy from C$29.00 to C$27.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. TD Securities raised shares of Gibson Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, February 24th. Jefferies Financial Group reduced their price target on Gibson Energy from C$26.00 to C$23.00 and set a “hold” rating for the company in a report on Thursday, February 20th. National Bankshares downgraded Gibson Energy from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from C$29.00 to C$24.00 in a research report on Wednesday, February 19th. Finally, National Bank Financial cut Gibson Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$25.86.

Gibson Energy Trading Down 3.0 %

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 stock has a market capitalization of C$3.38 billion, a price-to-earnings ratio of 15.95, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25. The business has a fifty day simple moving average of C$24.14 and a 200 day simple moving average of C$23.39.

Insiders Place Their Bets

In other news, Director Curtis Philippon purchased 40,000 shares of Gibson Energy stock in a transaction that occurred on Monday, December 9th. The shares were acquired at an average price of C$25.46 per share, for a total transaction of C$1,018,400.00. Also, Senior Officer Kelly Holtby purchased 2,010 shares of the firm’s stock in a transaction dated Monday, December 30th. The stock was acquired at an average price of C$24.85 per share, for a total transaction of C$49,948.50. Insiders acquired 75,910 shares of company stock worth $1,786,139 in the last quarter. 0.85% of the stock is currently owned by corporate insiders.

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.