Royal Bank of Canada Has Lowered Expectations for Gibson Energy (TSE:GEI) Stock Price

Gibson Energy (TSE:GEI) had its price target decreased by equities researchers at Royal Bank of Canada from C$28.00 to C$26.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 22.24% from the company’s current price.

Several other equities research analysts have also commented on the stock. CIBC reduced their price target 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. National Bankshares cut shares of Gibson Energy from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from C$29.00 to C$24.00 in a research note on Wednesday. Wells Fargo & Company lowered Gibson Energy from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, December 18th. ATB Capital lowered their target price on Gibson Energy from C$28.00 to C$26.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, TD Securities set a C$25.00 price target on Gibson Energy and gave the company a “hold” rating in a report on Wednesday, January 15th. Five research 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 company. Based on data from MarketBeat, Gibson Energy presently has an average rating of “Moderate Buy” and an average price target of C$25.86.

Gibson Energy Stock Performance

Shares of GEI opened at C$21.27 on Thursday. The firm has a market capitalization of C$3.47 billion, a P/E ratio of 16.40, a PEG ratio of 1.85 and a beta of 1.25. The company has a debt-to-equity ratio of 278.33, a current ratio of 0.70 and a quick ratio of 0.87. Gibson Energy has a one year low of C$20.83 and a one year high of C$26.10. The business has a fifty day moving average of C$24.57 and a 200 day moving average of C$23.39.

Insider Activity at Gibson Energy

In related news, Director Curtis Philippon bought 40,000 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was purchased at an average price of C$25.46 per share, for a total transaction of C$1,018,400.00. Also, Senior Officer Kelly Holtby bought 2,010 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The shares were bought at an average cost of C$24.85 per share, with a total value of C$49,948.50. In the last 90 days, insiders have acquired 75,910 shares of company stock valued at $1,786,139. 0.85% of the stock is owned by company 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.