Royal Bank of Canada Issues Pessimistic Forecast for Gibson Energy (TSE:GEI) Stock Price

Gibson Energy (TSE:GEI) had its price target decreased by investment analysts at Royal Bank of Canada from C$28.00 to C$26.00 in a research report issued on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s price objective suggests a potential upside of 23.81% from the company’s previous close.

A number of other equities research analysts have also weighed in on the company. Scotiabank boosted their target price 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. CIBC lowered their target price on Gibson Energy from C$29.00 to C$27.00 and set an “outperform” rating for the company in a research note on Thursday. ATB Capital lowered their target price on Gibson Energy from C$28.00 to C$26.00 and set an “outperform” rating for the company in a research note on Thursday. BMO Capital Markets raised Gibson Energy from a “market perform” rating to an “outperform” rating and upped their price target for the company from C$25.50 to C$28.00 in a research report on Thursday, December 5th. Finally, TD Securities set a C$25.00 price target on Gibson Energy and gave the company a “hold” rating in a research report on Wednesday, January 15th. Four 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$25.86.

Gibson Energy Trading Down 3.3 %

Shares of TSE GEI traded down C$0.71 during midday trading on Thursday, reaching C$21.00. The company had a trading volume of 1,559,843 shares, compared to its average volume of 730,374. Gibson Energy has a one year low of C$20.64 and a one 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. The firm’s fifty day moving average price is C$24.71 and its 200-day moving average price is C$23.42. The stock has a market cap of C$3.43 billion, a PE ratio of 16.19, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25.

Insiders Place Their Bets

In related news, Senior Officer Kelly Holtby purchased 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, 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 that occurred on Monday, December 9th. The stock was bought at an average price of C$25.46 per share, for a total transaction of C$1,018,400.00. Company 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.