ATB Capital Has Lowered Expectations for Gibson Energy (TSE:GEI) Stock Price

Gibson Energy (TSE:GEI) had its price target cut by ATB Capital from C$28.00 to C$26.00 in a research report sent to investors on Thursday,BayStreet.CA reports. They currently have an outperform rating on the stock.

GEI has been the subject of several other reports. BMO Capital Markets upgraded shares of Gibson Energy from a “market perform” rating to an “outperform” rating and raised their target price for the stock from C$25.50 to C$28.00 in a report on Thursday, December 5th. Raymond James raised their price objective on shares of Gibson Energy from C$28.50 to C$30.00 in a research note on Thursday, December 5th. Scotiabank boosted their target price on shares of 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. TD Securities set a C$25.00 target price on Gibson Energy and gave the company a “hold” rating in a report on Wednesday, January 15th. Finally, National Bankshares downgraded Gibson Energy from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from C$29.00 to C$24.00 in a report on Wednesday. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$25.86.

Gibson Energy Trading Down 2.6 %

TSE:GEI opened at C$21.14 on Thursday. The stock has a fifty day simple moving average of C$24.64 and a 200 day simple moving average of C$23.40. The firm has a market capitalization of C$3.45 billion, a price-to-earnings ratio of 16.30, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25. Gibson Energy has a 1-year low of C$20.64 and a 1-year 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.

Insider Activity at Gibson Energy

In other Gibson Energy news, Senior Officer Kelly Holtby purchased 2,010 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were bought at an average price of C$24.85 per share, for a total transaction of C$49,948.50. Also, Director Curtis Philippon purchased 40,000 shares of the business’s stock in a transaction dated 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. 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.