Gibson Energy (TSE:GEI) Price Target Lowered to C$26.00 at Royal Bank of Canada

Gibson Energy (TSE:GEI) had its price objective cut by Royal Bank of Canada from C$28.00 to C$26.00 in a research report released on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

GEI has been the topic of several other reports. BMO Capital Markets raised Gibson Energy from a “market perform” rating to an “outperform” rating and raised their price objective for the company from C$25.50 to C$28.00 in a research note on Thursday, December 5th. Scotiabank raised their price target 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. Jefferies Financial Group lowered their price objective on shares of Gibson Energy from C$26.00 to C$23.00 and set a “hold” rating for the company in a research report on Thursday. CIBC cut their target price on shares of Gibson Energy from C$29.00 to C$27.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, 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. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$25.86.

Gibson Energy Trading Down 2.6 %

Shares of GEI stock opened at C$21.14 on Thursday. Gibson Energy has a fifty-two week low of C$20.64 and a fifty-two week high of C$26.10. The stock’s fifty day moving average price is C$24.64 and its two-hundred day moving average price is C$23.40. The company has a debt-to-equity ratio of 278.33, a quick ratio of 0.87 and a current ratio of 0.70. The company has a market cap of C$3.45 billion, a PE ratio of 16.30, a P/E/G ratio of 1.85 and a beta of 1.25.

Insider Buying and Selling

In other news, Senior Officer Kelly Holtby bought 2,010 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was acquired at an average price of C$24.85 per share, with a total value of C$49,948.50. Also, Director Curtis Philippon purchased 40,000 shares of the stock in a transaction 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. 0.85% of the stock is currently owned by insiders.

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.