Gibson Energy (TSE:GEI) Cut to Hold at National Bank Financial

Gibson Energy (TSE:GEI) was downgraded by research analysts at National Bank Financial from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

A number of other analysts have also issued reports on GEI. BMO Capital Markets raised Gibson Energy from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from C$25.50 to C$28.00 in a research note on Thursday, December 5th. TD Securities decreased their price target on shares of Gibson Energy from C$25.00 to C$24.00 and set a “hold” rating on the stock in a research note on Thursday. Wells Fargo & Company cut shares of Gibson Energy from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, December 18th. Jefferies Financial Group decreased their target price on shares of Gibson Energy from C$26.00 to C$23.00 and set a “hold” rating on the stock in a research note on Thursday. Finally, Scotiabank cut their price target on Gibson Energy from C$27.00 to C$26.00 and set an “outperform” rating for the company in a report on Thursday. 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 stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$25.86.

Gibson Energy Stock Down 2.6 %

GEI stock opened at C$21.14 on Wednesday. Gibson Energy has a 52 week low of C$20.64 and a 52 week 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 has a 50-day simple moving average of C$24.64 and a 200-day simple moving average of C$23.40. The stock has a market capitalization of C$3.45 billion, a P/E ratio of 16.30, a P/E/G ratio of 1.85 and a beta of 1.25.

Insider Buying and Selling at Gibson Energy

In other news, 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 purchased at an average price of C$24.85 per share, for a total transaction of C$49,948.50. Also, Director Curtis Philippon bought 40,000 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were purchased at an average price of C$25.46 per share, with a total value of C$1,018,400.00. Company 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.