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 report released on Wednesday,BayStreet.CA reports. The brokerage currently has C$24.00 price target on the stock, down from their previous price target of C$29.00.

Other analysts have also issued research reports about the company. Scotiabank upped their price objective on Gibson Energy from C$26.00 to C$27.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. BMO Capital Markets raised Gibson Energy from a “market perform” rating to an “outperform” rating and raised their price target for the company from C$25.50 to C$28.00 in a report on Thursday, December 5th. TD Securities set a C$25.00 price objective on shares of Gibson Energy and gave the company a “hold” rating in a report on Wednesday, January 15th. CIBC raised their target price on shares of Gibson Energy from C$27.00 to C$29.00 in a research note on Thursday, December 5th. Finally, Raymond James upped their price target on shares of Gibson Energy from C$28.50 to C$30.00 in a research note on Thursday, December 5th. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$26.80.

Gibson Energy Stock Performance

Shares of GEI opened at C$21.71 on Wednesday. The company has a market cap of C$3.54 billion, a PE ratio of 16.74, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25. The firm has a 50-day moving average of C$24.71 and a 200-day moving average of C$23.42. 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 current ratio of 0.70 and a quick ratio of 0.87.

Insider Buying and Selling

In other Gibson Energy news, Director Curtis Philippon bought 40,000 shares of Gibson Energy stock in a transaction on Monday, December 9th. The shares were purchased 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 acquired 2,010 shares of Gibson Energy stock in a transaction that occurred on Monday, December 30th. The stock was acquired at an average cost of C$24.85 per share, for a total transaction of C$49,948.50. 0.85% of the stock is currently 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.