Gibson Energy (TSE:GEI) Lowered to “Hold” Rating by National Bank Financial

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

A number of other research analysts have also issued reports on the company. Wells Fargo & Company lowered Gibson Energy from an “overweight” rating to an “equal weight” rating in a report on Wednesday, December 18th. BMO Capital Markets raised Gibson Energy from a “market perform” rating to an “outperform” rating and increased their target price for the company from C$25.50 to C$28.00 in a report on Thursday, December 5th. CIBC reduced their price objective on shares of Gibson Energy from C$29.00 to C$27.00 and set an “outperform” rating for the company in a research report on Thursday. Scotiabank dropped their target price on shares of Gibson Energy from C$27.00 to C$26.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, ATB Capital reduced their price target on shares of Gibson Energy from C$28.00 to C$26.00 and set an “outperform” rating for the company in a research report on Thursday. Five investment 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 stock. Based on data from MarketBeat.com, Gibson Energy currently has an average rating of “Moderate Buy” and an average price target of C$25.86.

Gibson Energy Price Performance

Shares of GEI stock opened at C$21.14 on Wednesday. The firm’s 50-day moving average is C$24.64 and its two-hundred day moving average is C$23.40. The company has a debt-to-equity ratio of 278.33, a current ratio of 0.70 and a quick ratio of 0.87. The company has a market capitalization of C$3.45 billion, a PE ratio of 16.30, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25. Gibson Energy has a 12 month low of C$20.64 and a 12 month high of C$26.10.

Insider Buying and Selling at Gibson Energy

In related news, Senior Officer Kelly Holtby purchased 2,010 shares of the firm’s stock in a transaction 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 acquired 40,000 shares of the stock in a transaction dated Monday, December 9th. The shares were bought at an average cost of C$25.46 per share, with a total value of C$1,018,400.00. 0.85% of the stock is owned by insiders.

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.