Gibson Energy (TSE:GEI) Rating Lowered to “Equal Weight” at Wells Fargo & Company

Gibson Energy (TSE:GEI) was downgraded by equities research analysts at Wells Fargo & Company from an “overweight” rating to an “equal weight” rating in a research report issued to clients and investors on Wednesday,BayStreet.CA reports.

Other equities analysts also recently issued research reports about the company. BMO Capital Markets raised Gibson Energy from a “market perform” rating to an “outperform” rating and increased their price target for the stock from C$25.50 to C$28.00 in a research report on Thursday, December 5th. Royal Bank of Canada increased their target price on shares of Gibson Energy from C$27.00 to C$28.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Jefferies Financial Group boosted their price target on shares of Gibson Energy from C$25.00 to C$26.00 in a report on Thursday, December 5th. CIBC increased their price objective on shares of Gibson Energy from C$27.00 to C$29.00 in a research note on Thursday, December 5th. Finally, Scotiabank boosted their price objective on shares of Gibson Energy from C$25.00 to C$26.00 in a research note on Thursday, December 5th. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$27.11.

Gibson Energy Stock Performance

Gibson Energy stock opened at C$24.28 on Wednesday. Gibson Energy has a fifty-two week low of C$20.03 and a fifty-two week high of C$26.10. The company has a market capitalization of C$3.95 billion, a PE ratio of 22.91, a P/E/G ratio of 1.85 and a beta of 1.25. The company has a 50 day moving average price of C$23.61 and a 200-day moving average price of C$22.84. The company has a debt-to-equity ratio of 292.01, a quick ratio of 0.87 and a current ratio of 1.18.

Insider Activity at Gibson Energy

In related news, Director Curtis Philippon bought 40,000 shares of the company’s stock in a transaction on Monday, December 9th. The shares were bought 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 corporate 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.