Jefferies Financial Group Issues Pessimistic Forecast for Gibson Energy (TSE:GEI) Stock Price

Gibson Energy (TSE:GEI) had its price target reduced by stock analysts at Jefferies Financial Group from C$26.00 to C$23.00 in a report released on Thursday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. Jefferies Financial Group’s target price suggests a potential upside of 8.13% from the stock’s previous close.

Several other brokerages have also issued reports on GEI. Raymond James boosted their price target on Gibson Energy from C$28.50 to C$30.00 in a research note on Thursday, December 5th. Scotiabank boosted their target price on shares of Gibson Energy from C$26.00 to C$27.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. ATB Capital cut their target price on shares of Gibson Energy from C$28.00 to C$26.00 and set an “outperform” rating on the stock in a research note on Thursday. BMO Capital Markets upgraded shares of Gibson Energy from a “market perform” rating to an “outperform” rating and upped their price objective for the company from C$25.50 to C$28.00 in a report on Thursday, December 5th. Finally, Wells Fargo & Company cut shares of Gibson Energy from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, December 18th. Five equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$25.86.

Gibson Energy Stock Performance

GEI stock opened at C$21.27 on Thursday. The firm has a market cap of C$3.47 billion, a PE ratio of 16.40, a price-to-earnings-growth ratio of 1.85 and a beta of 1.25. The company has a current ratio of 0.70, a quick ratio of 0.87 and a debt-to-equity ratio of 278.33. The stock has a 50-day moving average price of C$24.57 and a 200-day moving average price of C$23.39. Gibson Energy has a 1-year low of C$20.83 and a 1-year high of C$26.10.

Insider Activity at Gibson Energy

In related news, Director Curtis Philippon acquired 40,000 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were acquired at an average price of C$25.46 per share, with a total value of C$1,018,400.00. Also, Senior Officer Riley Hicks bought 8,900 shares of the business’s stock in a transaction on Friday, February 21st. The stock was bought at an average price of C$21.10 per share, with a total value of C$187,790.00. In the last three months, insiders purchased 75,910 shares of company stock valued at $1,786,139. 0.85% of the stock is 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.