Scotiabank Lowers Gibson Energy (TSE:GEI) Price Target to C$26.00

Gibson Energy (TSE:GEI) had its price objective dropped by analysts at Scotiabank from C$27.00 to C$26.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Scotiabank’s price target suggests a potential upside of 22.24% from the company’s previous close.

A number of other analysts also recently commented on the company. BMO Capital Markets raised Gibson Energy from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from C$25.50 to C$28.00 in a research note on Thursday, December 5th. Wells Fargo & Company downgraded shares of Gibson Energy from an “overweight” rating to an “equal weight” rating in a report on Wednesday, December 18th. 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 on the stock in a research note on Thursday. National Bankshares lowered shares of Gibson Energy from an “outperform” rating to a “sector perform” rating and cut their target price for the company from C$29.00 to C$24.00 in a research note on Wednesday. Finally, Raymond James reduced their target price on shares of Gibson Energy from C$30.50 to C$29.50 and set a “strong-buy” rating for the company in a report on Thursday. Five 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 company. According to MarketBeat, Gibson Energy has a consensus rating of “Moderate Buy” and an average target price of C$25.86.

Gibson Energy Price Performance

Shares of TSE:GEI opened at C$21.27 on Thursday. The stock has a market cap of C$3.47 billion, a price-to-earnings 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 12 month low of C$20.83 and a 12 month high of C$26.10. The stock’s 50 day moving average price is C$24.57 and its 200 day moving average price is C$23.39.

Insider Buying and Selling at Gibson Energy

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