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

Gibson Energy (TSE:GEI) had its price target reduced by Scotiabank from C$27.00 to C$26.00 in a research note released on Thursday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Other research analysts have also issued reports about the company. Jefferies Financial Group lowered their target price on Gibson Energy from C$26.00 to C$23.00 and set a “hold” rating for the company in a research report on Thursday. Raymond James lowered their target price on shares of Gibson Energy from C$30.50 to C$29.50 and set a “strong-buy” rating for the company in a research note on Thursday. ATB Capital cut 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 report on Thursday. Royal Bank of Canada cut their price target on Gibson Energy from C$28.00 to C$26.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, BMO Capital Markets raised shares of Gibson Energy from a “market perform” rating to an “outperform” rating and increased their target price for the stock from C$25.50 to C$28.00 in a research note on Thursday, December 5th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Gibson Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of C$25.86.

Gibson Energy Trading Up 0.6 %

TSE GEI opened at C$21.27 on Thursday. The company has a market cap of C$3.47 billion, a price-to-earnings ratio of 16.40, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25. Gibson Energy has a twelve month low of C$20.83 and a twelve month high of C$26.10. The company has a quick ratio of 0.87, a current ratio of 0.70 and a debt-to-equity ratio of 278.33. The business’s fifty day moving average is C$24.57 and its 200 day moving average is C$23.39.

Insider Activity at Gibson Energy

In other Gibson Energy news, Senior Officer Kelly Holtby acquired 2,010 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was bought at an average price of C$24.85 per share, with a total value of C$49,948.50. Also, Senior Officer Riley Hicks bought 8,900 shares of the company’s stock in a transaction on Friday, February 21st. The shares were bought at an average price of C$21.10 per share, with a total value of C$187,790.00. In the last ninety days, insiders acquired 75,910 shares of company stock worth $1,786,139. 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.