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

Gibson Energy (TSE:GEI) had its price target dropped by investment analysts at Jefferies Financial Group from C$26.00 to C$23.00 in a research report issued on Thursday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. Jefferies Financial Group’s price target points to a potential upside of 8.13% from the stock’s previous close.

A number of other analysts also recently issued reports on GEI. Wells Fargo & Company downgraded Gibson Energy from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, December 18th. Raymond James lifted their target price on shares of Gibson Energy from C$28.50 to C$30.00 in a research report on Thursday, December 5th. TD Securities set a C$25.00 price target on shares of Gibson Energy and gave the stock a “hold” rating in a report on Wednesday, January 15th. BMO Capital Markets upgraded shares of Gibson Energy from a “market perform” rating to an “outperform” rating and raised their price objective for the company from C$25.50 to C$28.00 in a research report on Thursday, December 5th. Finally, ATB Capital cut their target price on shares of Gibson Energy from C$28.00 to C$26.00 and set an “outperform” rating for the company in a research report on Thursday. Five 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$25.86.

Gibson Energy Price Performance

TSE:GEI opened at C$21.27 on Thursday. Gibson Energy has a 52-week low of C$20.83 and a 52-week high of C$26.10. The stock has a fifty 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 capitalization of C$3.47 billion, a price-to-earnings ratio of 16.40, a P/E/G ratio of 1.85 and a beta of 1.25.

Insider Activity

In other news, Director Curtis Philippon bought 25,000 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were bought at an average cost of C$21.20 per share, with a total value of C$530,000.00. Also, Senior Officer Riley Hicks purchased 8,900 shares of the stock in a transaction that occurred on 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. In the last quarter, insiders purchased 75,910 shares of company stock valued at $1,786,139. Insiders own 0.85% of the company’s stock.

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.