ATB Capital Cuts Gibson Energy (TSE:GEI) Price Target to C$26.00

Gibson Energy (TSE:GEI) had its price target trimmed by ATB Capital from C$28.00 to C$26.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

GEI has been the subject of a number of other reports. Jefferies Financial Group downgraded Gibson Energy from a “buy” rating to a “hold” rating in a research report on Thursday, January 30th. Raymond James raised their price target on shares of Gibson Energy from C$28.50 to C$30.00 in a research note on Thursday, December 5th. 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. National Bankshares lowered shares of Gibson Energy from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from C$29.00 to C$24.00 in a research report on Wednesday. Finally, TD Securities set a C$25.00 price objective on shares of Gibson Energy and gave the company a “hold” rating in a research note on Wednesday, January 15th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$25.86.

Gibson Energy Price Performance

GEI stock opened at C$21.27 on Thursday. The company has a market capitalization of C$3.47 billion, a P/E ratio of 16.40, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25. The company has a debt-to-equity ratio of 278.33, a quick ratio of 0.87 and a current ratio of 0.70. Gibson Energy has a 52-week low of C$20.83 and a 52-week high of C$26.10. The business has a 50-day simple moving average of C$24.57 and a two-hundred day simple moving average of C$23.39.

Insider Activity at Gibson Energy

In other news, Director Curtis Philippon bought 40,000 shares of the stock in a transaction on Monday, December 9th. The shares were bought 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 the business’s stock in a transaction that occurred on Monday, December 30th. The shares were bought at an average price of C$24.85 per share, with a total value of C$49,948.50. Insiders bought 75,910 shares of company stock valued at $1,786,139 over the last 90 days. Corporate insiders own 0.85% of the company’s stock.

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.